Hanesbrands, AstraZeneca Plop into Wednesday's 52-Week Low Club

Investing

Published: December 7, 2016 4:04 pm

Last Updated: January 12, 2020 5:00 pm

December 7, 2016: Here are four stocks trading with relatively heavy volume among 34 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by more than 3 to 1 and on the Nasdaq advancers led decliners by nearly 2 to 1.

Hanesbrands Inc. (NYSE: HBI) dropped about 5.9% on Wednesday to post a new 52-week low of $21.50 after closing at $22.86 on Tuesday. The stock’s 52-week high is $31.36. Volume of about 31 million was more than 7 times the daily average of 4.5 million. The company had no specific news.

AstraZeneca plc (NYSE: AZN) lost about 1.8% Wednesday to post a new 52-week low of $25.55 after closing Tuesday at $26.01. The 52-week high is $35.04. Volume of around 10 million was about 50% above the daily average of around 6.3 million shares traded. The drug maker had no specific news.

Sigma Designs Inc. (NASDAQ: SIGM) dropped about 34% on Wednesday to post a new 52-week low of $5.20 against a 52-week high of $8.60 and a Tuesday close of $7.75. Volume of about 6.2 million was about 25 times the daily average of around 280,000. The company reported so-so earnings on Tuesday and the stock was downgraded and price targets lowered by several analysts.

Under Armour Inc. (NYSE: UA) dropped about 2.4% on Wednesday to post a new 52-week low of $26.02 after closing at $26.65 on Tuesday. The stock’s 52-week high is $47.95. Volume was about equal to the daily average of around 6 million shares. The company’s class A common shares have changed their ticker symbol from UA to UAA and the class C non-voting shares will now trade under the UA ticker symbol.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.