Investing
L Brands, Iamgold Tumble into Thursday's 52-Week Low Club
Published:
Last Updated:
August 23, 2018: Here are four stocks trading with heavy volume among 67 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 2.05 to 1, and on the Nasdaq, decliners led advancers by about 1.47 to 1.
L Brands Inc. (NYSE: LB) traded down more than 12% Thursday to set a new 52-week low of $27.95. Shares closed at $31.89 on Wednesday, and the 52-week high is $63.10. Volume was more than seven times the daily average of around 4.6 million. The company reported weak results last night and cut guidance. A double whammy.
Lannett Company Inc. (NYSE: LCI) traded down nearly 16% Thursday to post a new 52-week low of $4.60 after closing Wednesday at $5.45. The stock’s 52-week high is $30.35. Volume was about six times the daily average of around 1 million shares. The generic drug maker is still getting pounded on the loss of a major customer.
Iamgold Corp. (NYSE: IAG) dropped about 7.8% Thursday to set a new 52-week low of $3.90. Shares closed at $4.23 on Wednesday and the stock’s 52-week high is $7.25. Volume totaled around 4.5 million, about a third higher than the daily average. The company had no specific news.
Tahoe Resources Inc. (NYSE: TAHO) also traded down about 7.8% Thursday and posted a new 52-week low of $3.54 after closing Wednesday at $3.84. The stock’s 52-week high is $7.00. Volume was about 25% above the daily average of around 3 million. The company had no specific news.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.