Investing
Sprouts, Kroger Dip into Wednesday's 52-Week Low Club
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September 7, 2016: Here are four stocks trading with relatively heavy volume among 15 equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by about 3 to 2 and Nasdaq advancers led decliners by about the same margin.
Sprouts Farmers Market Inc. (NASDAQ: SFM) lost nearly 17% Wednesday to post a new 52-week low of $19.00 after closing Tuesday at $22.81. The 52-week high is $30.00. Volume of more than 19 million was nearly 8 times the daily average of around 2.4 million. The grocery store chain cut its outlook this morning.
The Kroger Co. (NYSE: KR) dropped about 4.8% on Wednesday to post a new 52-week low of $31.10 against a 52-week high of $42.75. Volume of around 16.3 million was about 75% above the daily average of around 9.4 million. The stock closed at $32.67 on Tuesday night. Kroger suffered from Sprouts’s announcement.
Adeptus Health Inc. (NASDAQ: ADPT) dropped about 18.5% on Wednesday to post a new 52-week low of $35.49 after closing at $43.56 on Tuesday. The stock’s 52-week high is $121.76. Volume was nearly 10 times the daily average of around 465,000 shares. The company announced this morning that its CEO will retire.
Oceaneering International Inc. (NYSE: OII) dropped about 2.5% on Wednesday to post a new 52-week low of $25.33 against a 52-week high of $48.11. Volume of around 2.3 million was about 50% above the daily average of nearly 1.6 million. The stock closed at $25.98 on Tuesday night. The company had no specific news Wednesday.
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