Kraft Heinz, Impinj Topple into Friday's 52-Week Low Club

Investing

Published: February 16, 2018 4:04 pm

Last Updated: January 12, 2020 3:18 am

February 16, 2018: Here are four stocks trading with heavy volume among 31 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by less than 2 to 1 and on the Nasdaq, advancers led decliners by less than 3 to 2.

The Kraft Heinz Co. (NASDAQ: KHC) fell about 7% Friday to post a new 52-week low of $67.65 after closing at $72.71 on Thursday. The 52-week high is $97.77. Volume of about 12.8 million was more than three times the daily average. The food processing company reported poor earnings this morning and suggested that sales could get worse as competition increases. https://a673b.bigscoots-temp.com/consumer-products/2018/02/16/how-kraft-heinz-earnings-fell-short/

Impinj Inc. (NASDAQ: PI) traded down nearly 26% Friday and posted a new 52-week low of $9.95 after closing Thursday at $13.43. The stock’s 52-week high is $60.85. Volume was around 5.4million, more than six times times the daily average. The wireless technology company reported results that were in-line with those the company warned about two weeks ago.

Sanchez Energy Corp. (NYSE: SN) traded down nearly 10% Friday and posted a new 52-week low of $3.38 after closing Thursday at $3.75. The stock’s 52-week high is $12.08. Volume was around 4.5 million, about 35% above the daily average of 3.2 million shares. The company had no specific news.

Dominion Energy Midstream Partners LP (NYSE: DM) dropped about 8.4% Friday to post a new 52-week low of $25.00. Shares closed at $27.30 on Thursday and the stock’s 52-week high is $34.85. Volume was around 1.7 million, more than eight times the daily average of about 200,000. The company had no specific news.

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