Investing
Kroger, Bed Bath & Beyond Dive into Thursday's 52-Week Low Club
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September 21, 2017: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 4 to 3 and on the Nasdaq advancers led decliners by the same margin.
The Kroger Co. (NYSE: KR) dropped about 2.8% Thursday to post a new 52-week low of $20.22 after closing at $20.80 on Wednesday. The stock’s 52-week high is $36.44. Volume of around 15 million was around 15% above the daily average. The company had no specific news, but investors are still keeping a close eye on Amazon-owned Whole Foods as well as two Germany-based competitors that are opening new U.S. stores at a rapid pace.
Bed, Bath & Beyond Inc. (NASDAQ: BBBY) posted a new 52-week low of $22.10 on Thursday, down about 2.9% from Wednesday’s closing price of $22.74. The stock’s 52-week high is $48.83. Volume totaled around 8.7 million shares, about double the daily average. The company missed estimates and offered a weak outlook Wednesday morning and the beat-down isn’t over yet.
Mattel Inc. (NASDAQ: MAT) dropped about 1.5% Thursday to post a new 52-week low of $14.78 after closing at $15.01 on Wednesday. The 52-week high is $33.23. Volume was around 8 million, less than 10% above the daily average. The company said earlier today that it had amended some of its debt covenants.
Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) dropped almost 23% Thursday to post a new 52-week low of $76.26 after closing Wednesday at $98.12. The 52-week high is $172.75. Volume of around 7.1 million shares traded was more than 11 times the daily average. The FDA has issued a warning letter on the company’s liver disease treatment.
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