Investing

Pandora, Rite Aid Tumble into Friday's 52-Week Low Club

November 3, 2017: Here are four stocks trading with heavy volume among 143 equities making new 52-week lows in Friday’s session. On the NYSE, decliners led advancers by about 8 to 7 and on the Nasdaq advancers decliners traded equally.

Pandora Media Inc. (NYSE: P) dropped more than 27% Friday to post a new 52-week low of $5.35 after closing at $14.02 on Thursday. The stock’s 52-week high is $14.10. Volume of around 66 million was nearly 12 times the daily average. The streaming music company posted a smaller-than-expected loss but missed revenues when it reported Thursday night.

CBL Properties (NYSE: CBL) dropped about 27% Friday to post a new 52-week low of $5.83 after closing at $7.99 on Thursday. The 52-week high is $12.35. Volume was around 30 million, about 10 times the daily average of about 3.2 million. The REIT reported poor quarterly results last night.

Rite Aid Corp. (NYSE: RAD) posted a new 52-week low of $1.53 on Friday, down about 8.9% from Thursday’s closing price of $1.68. The stock’s 52-week high is $8.77. Volume totaled around 23 million shares, about 10% below the daily average. The company had no specific news.

AK Steel Holding Corp. (NYSE: AKS) dropped about 6.9% Friday to post a new 52-week low of $4.05 after closing at $4.35 on Thursday. The 52-week high is $11.39. Volume was around 21 million, about 40% higher the daily average of around 16 million. The company had no specific news Friday.

Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

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

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.