Southern Company, Sears Drop into Thursday's 52-Week Low Club

Investing

Published: January 4, 2018 4:04 pm

Last Updated: January 12, 2020 4:50 am

January 4, 2018: Here are four stocks trading with heavy volume among 32 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers and decliners by roughly the same margin.

The Southern Company (NYSE: SO) dropped about 0.6% Thursday to post a new 52-week low of $46.61 after closing at $46.90 on Wednesday. Volume was around 3.4 million, 25% below the daily average of around 4.6 million. The utility company had no specific news.

Starwood Property Trust Inc. (NYSE: STWD) dropped about 1% Thursday to post a 52-week low of $20.83 after closing at $21.05 on Wednesday. The 52-week high is $23.01. Volume was around 2.8 million, about 75% above the daily average. The company had no specific news.

Colony NorthStar Inc. (NYSE: CLNS) slipped about 0.9% to post a new 52-week low of $10.97 Thursday after closing at $11.11.07 on Wednesday. Volume of about 2.8 million was less than 10% higher than the daily average of around 2.7 million. The company had no specific news.

Sears Holding Corp. (NASDAQ: SHLD) traded down nearly 8% Thursday and posted a new 52-week low of $3.46 after closing Wednesday at $3.76. The 52-week high is $14.32. Volume was about 2.2 million, nearly 50% above the daily average of around 1.5 million shares. The maker of Smith & Wesson firearms had no specific news.

ALSO READ: 4 Top Blue Chip Value Stocks to Buy Now for 2018

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