Fitbit, Kroger Dive into Monday's 52-Week Low Club

Investing

Published: March 13, 2017 4:04 pm

Last Updated: January 12, 2020 2:00 pm

March 13, 2017: Here are four stocks trading with relatively heavy volume among 85 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 by decliners about 8 to 5.

Frontier Communications Inc. (NASDAQ: FTR) posted a new 52-week low of $2.42 on Monday, down about 9.4% compared with Friday’s closing price of $2.67. The stock’s 52-week high is $5.75. Volume was more than double the daily average of around 27 million shares. The stock is one of three that will be removed from the S&P 500 index.

Fitbit Inc. (NYSE: FIT) dropped about 5.3% Monday, to post a new 52-week low of $5.55 after closing at $5.86 on Friday. The stock’s 52-week high is $18.85. Volume was about 15% above the daily average of around 11 million shares. The had no specific news.

The Kroger Co. (NYSE: KR) dropped about 1% Monday, to post a new 52-week low of $28.53 after closing at $28.82 on Friday. The stock’s 52-week high is $39.22. Volume was about 20% below the daily average of around 8 million shares. The company had no specific news.

Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) dropped about 31.7% Monday to post a new 52-week low of $2.41 after closing Friday at $3.53. Volume of about 5.4 million shares was about 10 times the daily average of around 570,000 shares. The company reported a Q4 and full-year loss this morning.

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