Investing

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

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.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.