Investing

Under Armour, Rite Aid Fall into Tuesday's 52-Week Low Club

January 31, 2017: Here are four stocks trading with relatively heavy volume among 67 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by more than 3 to 2.

Under Armour Inc. (NYSE: UAA) dropped about 27.7% on Tuesday to post a new 52-week low of $20.93 against a 52-week high of $47.95 and a Monday close of $28.94. Volume of around 48 million was more than 10 times the daily average of around 4.5 million. The company reported a weak quarter, offered a weak outlook, and the CFO stepped down. A true triple whammy.

Rite Aid Corp. (NYSE: RAD) dropped about 2% Tuesday, to post a new 52-week low of $5.60 after closing at $5.72 on Monday. The stock’s 52-week high is $8.77. Volume was about 30% above the daily average of around 22.5 million shares. The company continues to reel from the announced cut in the merger deal with Walgreens.

Tenax Therapeutics Inc. (NASDAQ: TENX) dropped about 78% Tuesday to post a new 52-week low of $0.41 after closing Monday at $1.95. The 52-week high is $2.94. Volume of nearly 13 million was about 30 times the daily average of around 420,000 shares traded. The company reported Tuesday that top-line results did not meet endpoints in a Phase 3 trial of LEVO-CTS.

Infosys Ltd. (NYSE: INFY) dropped about 1.7% on Tuesday to record a new 52-week low of $13.58. The stock closed at $13.81 on Monday. Volume was about 15% above the daily average of around 6.3 million shares. The company had no specific news.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

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