Investing
Genworth Financial, American Outdoor Brands Plunge into Wednesday's 52-Week Low Club
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January 3, 2018: Here are four stocks trading with heavy volume among 35 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by less than 3 to 2 and on the Nasdaq, advancers and decliners by about the same margin.
Genworth Financial Inc. (NYSE: GNW) dropped about 6.8% Wednesday to post a new 52-week low of $3.01 after closing at $3.23 on Tuesday. Volume was around 9.2 million, more than double the daily average of around 3.9 million. The company had no specific news.
Colony NorthStar Inc. (NYSE: CLNS) slipped about 3.1% to post a new 52-week low of $11.02 Wednesday after closing at $11.37 on Tuesday. Volume of about 3.8 million was about 45% above the daily average of around 2.7 million. The REIT completed its sale of an investment management firm to Aon plc on Tuesday for net proceeds of around $379 million.
Edison International (NYSE: EIX) dropped about 1.4% Wednesday to post a 52-week low of $62.35 after closing at $63.25 on Tuesday. The 52-week high is $83.38. Volume was around 2.8 million, about equal to the daily average. The utility company had no specific news.
American Outdoor Brands Corp. (NASDAQ: AOBC) traded down 9.2% Wednesday and posted a new 52-week low of $12.12 after closing Tuesday at 13.35. The 52-week high is $24.49. Volume was about 3 million, nearly double the daily average of around 1.6 million shares. The maker of Smith & Wesson firearms had no specific news.
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