Investing

Rite Aid, Urban Outfitters Topple into Wednesday's 52-Week Low Club

March 8, 2017: Here are four stocks trading with heavy volume among 115 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by nearly 3 to 1 and on the Nasdaq decliners led advancers by about 4 to 3.

Rite Aid Corp. (NYSE: RAD) dropped about 6.6% Wednesday, to post a new 52-week low of $4.68 after closing at $5.01 on Tuesday. The stock’s 52-week high is $8.77. Volume was about 40% above the daily average of around 25 million shares. The company had no specific news.

Frontier Communications Corp. (NASDAQ: FTR) dropped about 4.2% on Wednesday to record a new 52-week low of $2.51 against a high of $5.75. The stock closed at $2.62 on Tuesday. Volume was about a third higher than the daily average of around 25 million shares. The company had no specific news Wednesday, but the struggling company continues getting slaughtered.

Urban Outfitters Inc. (NASDAQ: URBN) dropped 10% Wednesday, to post a new 52-week low of $22.87 after closing at $25.41 on Tuesday. The stock’s 52-week high is $40.80. Volume was about 6 times the daily average of around 2.4 million shares. The specialty apparel retailer posted earnings and revenue misses last night and analysts were in no mood to be generous.

Cobalt International Energy Inc. (NYSE: CIE) dropped about 11.5% Wednesday to post a new 52-week low of $0.46 after closing Tuesday at $0.52. Volume of more than 12 million shares was nearly double the daily average of around 6.3 million. The independent oil & gas producer is expected to report earnings after markets close Wednesday. No good news is expected.

The Average American Has No Idea How Much Money You Can Make Today (Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

 

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

1 https://www.fdic.gov/national-rates-and-rate-caps

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

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.