Nike, Rite Aid Tumble into Monday's 52-Week Low Club

Investing

Published: October 31, 2016 4:04 pm

Last Updated: January 13, 2020 1:41 am

October 31, 2016: Here are four stocks trading with relatively heavy volume among 112 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners by about 7 to 6.

Noble Corp. plc (NYSE: NE) dropped about 8.7% on Monday to post a new 52-week low of $4.83 against a 52-week high of $14.64. Volume of nearly 30 million was about 3 times the daily average of around 10.3 million. The stock closed at $5.29 on Friday night. The oilfield services firm had no specific news Monday.

Nike Inc. (NYSE: NKE) lost about 3.9% Monday to post a new 52-week low of $50.00 after closing Friday at $52.02. The 52-week high is $68.19. Volume of about 14.5 million wasabout 50% higher than the daily average of around 9.1 million shares traded. The athletic gear maker was downgraded at BofA/Merrill Lynch this morning.

Nokia Corp. (NYSE: NOK) dropped nearly 2% on Monday to post a new 52-week low of $4.47 after closing at $4.56 on Friday. The stock’s 52-week high is $7.63. Volume was about equal to the daily average of around 12 million shares. The networking company had no specific news.

Rite Aid Corp. (NYSE: RAD) dropped about 0.7% on Monday to post a new 52-week low of $6.58 after closing at $6.63 on Friday. The stock’s 52-week high is $8.30. Volume of 8.4 million was about half the daily average of around 16.1 million shares. The drugstore chain had no specific news Monday.

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