August 5, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 7 to 3 and Nasdaq advancers led decliners by the same margin.
QVC Group (NASDAQ: QVCA) dropped about 24.3% on Friday to post a new 52-week low of $19.91 after closing at $26.30 on Thursday. The stock’s 52-week high is $30.84. Volume reached about 10 times the daily average of around 2.1 million shares. The TV shopping channel warned of a “choppy” retail environment going forward.
Realogy Holdings Corp. (NYSE: RLGY) lost about 2.4% Friday to post a new 52-week low of $25.52 after closing Thursday at $30.60. The 52-week high is $44.64. Volume was about double the daily average of about 1.76 million shares. The global real-estate and relocation services firm tumbled following a missed earnings forecast Thursday.
Computer Programs & Systems Inc. (NASDAQ: CPSI) dropped about 34% on Friday to post a new 52-week low of $26.01 against a 52-week high of $59.16. Volume of around 2.8 million was about 15 times the daily average of around 185,000. The stock closed at $39.10 on Thursday night. The company posted earnings Thursday afternoon that missed expectations.
Inovalon Holdings Inc. (NASDAQ: INOV) dropped about 1.2% on Friday to post a new 52-week low of $13.86 against a 52-week high of $23.87. Volume of around 2.7 million was about 4 times the daily average of around 610,000. The stock closed at $14.03 on Thursday night. Analysts at Piper Jaffray cut the stock’s rating from Neutral to Underweight on Thursday and the effects are lingering.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
