Investing
Walgreens, Navient Flop into Friday's 52-Week Low Club
Published:
Last Updated:
October 6, 2017: Here are four stocks trading with heavy volume among 26 equities making new 52-week lows in Friday’s session. On the NYSE, decliners led advancers by about 2 to 1 and on the Nasdaq decliners led advancers by about 4 to 3.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) dropped about 5% Friday to post a new 52-week low of $73.05 after closing at $76.95 on Thursday. The 52-week high is $89.69. Volume was around 7.6 million, about 40% above the daily average. The company took a downgrade from Overweight to Equal-Weight from Morgan Stanley this morning.
Vipshop Holdings Ltd. (NYSE: VIPS) dropped about 2.8% Friday to post a new 52-week low of $8.29 after closing at $8.53 on Thursday. The stock’s 52-week high is $16.01. Volume of around 4.9 million was about 40% below the daily average. The company had no specific news.
Navient Corp. (NASDAQ: NAVI) dropped about 0.7% Friday to establish a new 52-week low of $12.51 after closing at $12.60 on Thursday. The 52-week high is $17.95. Volume of around 4 million shares traded was about 60% below the daily average. The state of Pennsylvania filed suit against the student loan servicing firm on Thursday.
NeoPhotonics Corp. (NYSE: NPTN) posted a new 52-week low of $4.72 on Friday, down about 5% from Thursday’s closing price of $4.97. The stock’s 52-week high is $16.61. Volume totaled around 2 million shares, 60% higher than the daily average. The company announced some restructuring actions Thursday morning and the backlash continues.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
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
