Investing
Tractor Supply, Ascena Retail in Thursday's 52-Week Low Club
Published:
Last Updated:
October 20, 2016: Here are four stocks trading with relatively heavy volume among 52 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by more than 4 to 3 and on the Nasdaq decliners led advancers by about 7 to 6.
Tractor Supply Co. (NASDAQ: TSCO) dropped about 6.1% on Thursday to post a new 52-week low of $63.26 against a 52-week high of $97.25. Volume of about 4.7 million was more than double the daily average of around 1.9 million. The stock closed at $67.37 on Wednesday night. Third-quarter results were hit by a slowdown in ag- and energy-producing markets, and investors were not slow to leave the stock behind.
Ascena Retail Group Inc. (NASDAQ: ASNA) lost about 3.3% Thursday to post a new 52-week low of $4.69 after closing Wednesday at $4.85. The 52-week high is $14.03. Volume of about 3.7 million was around 10% higher than the daily average of about 3.3 million shares traded. The company had no specific news Thursday.
Syntel Inc. (NASDAQ: SYNT) dropped more than 17% on Thursday to post a new 52-week low of $21.88 after closing at $26.44 on Wednesday. The stock’s 52-week high is $50.92. Volume was nearly 6 times the daily average of around 550,000 shares. The company reported a third-quarter loss this morning.
BJ’s Restaurants Inc. (NASDAQ: BJRI) lost about 9.7% Thursday to post a new 52-week low of $32.24 after closing Wednesday at $35.69. The 52-week high is $47.95. Volume of about 2.5 million was about 8 times the daily average of around 330,000 shares traded. The casual-dining chain missed estimates when it reported earnings this morning.
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.