Sinclair Broadcasting, Investors Bancorp Sink into Thursday’s 52-Week Low Club

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Sinclair Broadcasting, Investors Bancorp Sink into Thursday’s 52-Week Low Club

© Geerati / Getty Images

July 19, 2018: Here are four stocks trading with heavy volume among 76 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 1.4 to 1 and on the Nasdaq, advancers led decliners by about 1.27 to 1.

Investors Bancorp Inc. (NASDAQ: ISBC) traded down less than 0.1% Thursday and posted a new 52-week low of $12.52 after closing Wednesday at $12.63. The stock’s 52-week high is $14.69. Volume totaled around 6.2 million, more than double the daily average. The company had no specific news and shares have reversed course, heading for a gain of about 1% for the day.

Vodafone Group plc (NASDAQ: VOD) dropped about 1.7% Thursday to post a new 52-week low of $23.28. Shares closed at $23.68 on Wednesday and the stock’s 52-week high is $32.75. Volume totaled 40% higher than the daily average of around 3.9 million. The company had no specific news.

[nativounit]

Sibanye Gold Ltd. (NYSE: SBGL) traded down about 7.6% Thursday to post a new 52-week low of $2.07 after closing Wednesday at $2.24. The stock’s 52-week high is $6.76. Volume was about equal to the daily average of about 4.1 million shares. The company had no specific news.

Sinclair Broadcasting Group Inc. (NASDAQ: SBGI) traded down about 5.1% Thursday to set a new 52-week low of $26.00. Shares closed at $27.40 on Wednesday, and the 52-week high is $40.15. Volume was more than double the daily average of around 1.7 million. The company was stung by the release of an FCC letter claiming that Sinclair did not “fully disclose facts” in some parts of its communications related to the acquisition of Tribune Media.

[recirclink id=477328]

[wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618