Investing
Rite Aid, JC Penney Tumble into Monday's 52-Week Low Club
Published:
Last Updated:
October 2, 2017: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by nearly 3 to 1 and on the Nasdaq advancers led decliners by about 2 to 1.
Rite Aid Corp. (NYSE: RAD) dropped about 3% Monday to establish a new 52-week low of $1.90 after closing at $1.96 on Friday. The 52-week high is $8.77. Volume of around 42 million shares traded was about 40% above the daily average. The company reported weak sales Thursday morning and continues to get battered.
J.C. Penney Co. Inc. (NYSE: JCP) posted a new 52-week low of $3.45 on Monday, down about 9.4% from Friday’s closing price of $3.81. The stock’s 52-week high is $10.74. Volume totaled around 31 million shares, about double the daily average. The company had no specific news, but a report on Nordstrom’s difficulty pulling together financing for a transaction that would take the company private has hit other struggling retail stocks hard.
The Kroger Co. (NYSE: KR) dropped about 1.8% Monday to post a new 52-week low of $19.69 after closing at $20.06 on Friday. The 52-week high is $36.44. Volume was around 12.6 million, about 10% below the daily average. The company had no specific news.
Vipshop Holdings Ltd. (NYSE: VIPS) also dropped about 1.8% Monday to post a new 52-week low of $8.63 after closing at $8.79 on Friday. The stock’s 52-week high is $16.24. Volume of around 6.4 million was less than 15% below the daily average. The company had no specific news.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
