Fitbit, Abercrombie Sink into Monday's 52-Week Low Club

Investing

Published: December 19, 2016 4:04 pm

Last Updated: January 12, 2020 4:37 pm

December 19, 2016: Here are four stocks trading with relatively heavy volume among 50 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by roughly 4 to 3.

Fitbit Inc. (NYSE: FIT) dropped about 0.8% on Monday to post a new 52-week low of $7.42 after closing at $7.48 on Friday. The stock’s 52-week high is $30.96. Volume was 20% below the daily average of around 10 million shares. The company had no specific news Monday.

Sphere 3D Corp. (NASDAQ: ANY) dropped about 36% Monday to post a new 52-week low of $0.23 after closing Friday at $0.36. The 52-week high is $2.00. Volume of around 4.3 million was more than 10 times the daily average of around 390,000 shares traded. The company said today that it has received an unsolicited proposal from an unnamed company to purchase certain of Sphere 3D’s assets.

Hanesbrands Inc. (NYSE: HBI) dropped about 0.3% on Monday to post a new 52-week low of $21.49 against a 52-week high of $31.36 and a Friday close of $21.55. Volume of about 3.8 million was 35% below the daily average of around 5.7 million. The company said on Friday that the company would sell some non-core assets.

Abercrombie & Fitch Co. (NYSE: ANF) dropped nearly 2.3% on Monday to post a new 52-week low of $13.01 after closing at $13.31 on Friday. The stock’s 52-week high is $32.83. Volume of about 2.4 million shares was 30% below the daily average of about 3.3 million. The company had no specific news Monday.

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