Investing
Express, Noble Corp. Lead Thursday's 52-Week Low Club
Published:
Last Updated:
August 25, 2016: Here are four stocks trading with relatively heavy volume among 28 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by a few percentage points and Nasdaq advancers led decliners by just one percentage point.
Express Inc. (NYSE: EXPR) dropped about 2.1% on Thursday to post a new 52-week low of $11.69 after closing at $11.94 on Wednesday. The stock’s 52-week high is $21.57. Volume totaled about 5 million shares, nearly double the daily average of around 2.6 million shares. The specialty retailer’s stock skidded following a disappointing earnings report Wednesday, and the bleeding has slowed but not entirely stopped.
Noble Corp. plc (NYSE: NE) lost about 1.7% Thursday to post a new 52-week low of $5.83 after closing Wednesday at $5.93. The 52-week high is $14.64. Volume of around 4.6 million was about 40% below the daily average of around 8.8 million. The company had no specific news Thursday.
DHT Holdings Inc. (NYSE: DHT) dropped about 6.4% on Thursday to post a new 52-week low of $4.42 against a 52-week high of $8.48. Volume of around 3.6 million was more than a third higher than the daily average of around 2.6 million. The stock closed at $37.68 on Wednesday night. The crude oil tanker company on Wednesday adjusted the conversion factor for its 4.5% convertible notes, and Morgan Stanley downgraded the stock from Overweight to Equal Weight this morning.
Merrimack Pharmaceuticals Inc. (NASDAQ: MACK) dropped about 4.5% on Thursday to post a new 52-week low of $4.65 against a 52-week high of $11.00. Volume of around 2.2 million was about 20% above the daily average of around 1.9 million. The stock closed at $4.87on Wednesday night. The company had no specific news Wednesday.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
