Investing
Hanesbrands, Under Armour Dive into Friday's 52-Week Low Club
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February 3, 2017: Here are four stocks trading with relatively heavy volume among 47 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by nearly 4 to 1 and on the Nasdaq advancers led decliners by about 3 to 1.
Hanesbrands Inc. (NYSE: HBI) dropped about 16.7% Friday, to post a new 52-week low of $18.91 after closing at $22.71 on Thursday. The stock’s 52-week high is $30.42. Volume was nearly 5 times the daily average of around 6.3 million shares. The company posted weak numbers after markets closed last night and investors fled in Friday’s session.
FireEye Inc. (NASDAQ: FEYE) dropped about 18.3% Friday to post a new 52-week and all-time low of $10.60 after closing Thursday at $12.97. The 52-week high is $19.63. Volume of more than 21 million was about 5 times the daily average of around 4.5 million shares traded. The company reported disappointing earnings and the company’s CFO and the chairman have both resigned.
VF Corp. (NYSE: VFC) dropped about 3.3% Friday, to post a new 52-week low of $49.03 after closing at $50.70 on Thursday. The stock’s 52-week high is $67.10. Volume was about 80% higher than the daily average of around 3.3 million shares. The company had no specific news.
Under Armour Inc. (NYSE: UAA) dropped about 1% on Friday to record a new 52-week low of $20.44. The stock closed at $20.65 on Thursday. Volume was nearly 10% above the daily average of around 5.5 million shares. The company had no specific news.
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