Kroger, Bed Bath & Beyond Dive into Thursday's 52-Week Low Club

Investing

Published: September 21, 2017 4:03 pm

Last Updated: January 12, 2020 7:56 am

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.

24/7 Wall St.
Amazon Could Cause 400 Malls to Close

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.