August 3, 2016: Here are four stocks trading with relatively heavy volume among 37 equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by about 2 to 1 and Nasdaq advancers led decliners traded by slightly less than that margin.
Community Health Systems Inc. (NYSE: CYH) dropped about 13.7% on Wednesday to post a new 52-week low of $10.53 after closing at $12.20 on Tuesday. The stock’s 52-week high is $49.78. Volume reached more than 3 times the daily average of around 4 million shares. The hospital operator reported a big loss this morning and said that its hospital admissions rate was falling.
The Rubicon Project Inc. (NYSE: RUBI) dropped about 5.3% on Wednesday to post a new 52-week low of $9.00 against a 52-week high of $20.37. Volume of around 11 million was about 15 times the daily average of around 672,000. The stock closed at $9.50 on Tuesday night. The internet advertising company posted good earnings, but gave a weak outlook and several analysts put downgrades on the shares..
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Deutsche Bank AG (NYSE: DB) dropped about 0.6% on Wednesday to post a new 52-week low of $12.48 against a 52-week high of $34.18. Volume of around 6.1 million was about 20% above the daily average of around 5 million. The stock closed at $12.56 on Tuesday night. Both Deutsche Bank and Credit Suisse were dropped from the Stoxx Europe 50 this morning.
Skechers U.S.A. Inc. (NYSE: SKX) lost about 1.7% Wednesday to post a new 52-week low of $22.50 versus a high of $54.53 after closing Tuesday at $22.88. Volume was about 20% below the daily average of about 3 million shares. The shoe company’s stock continues its stay in our 52-week low clubhouse.
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