US Silica, Pitney Bowes Leapt into Wednesday's 52-Week Low Club

Investing

Published: August 29, 2018 4:04 pm

Last Updated: January 11, 2020 6:37 pm

August 29, 2018: Here are four stocks trading with heavy volume among 48 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.72 to 1, and on the Nasdaq, advancers led decliners by about 1.66 to 1.

U.S. Silica Holdings Inc. (NYSE: SLCA) dropped more than 10% Wednesday to set a new 52-week low of $20.08. Shares closed at $23.33 on Tuesday, and the stock’s 52-week high is $38.70. Volume totaled around 6.9 million, more than three times the daily average. The company that supplies fracking sand to oil & gas exploration & production firms had no specific news.

L Brands Inc. (NYSE: LB) traded down about 3.1% Wednesday to set a new 52-week low of $26.25 after closing at $27.09 on Tuesday. The stock’s 52-week high is $63.10. Volume was more than 20% higher than the daily average of around 5 million. The parent company of Victoria’s Secret and other specialty retailers had no specific news.

Pitney Bowes Inc. (NYSE: PBI) traded down about 4.9% Wednesday and posted a new 52-week low of $7.52 after closing Tuesday at $7.91. The stock’s 52-week high is $14.80. Volume was more than 20 times the daily average of around 925,000. The company had no specific news.

Grupo Supervielle SA (NYSE: SUPV) traded down about 5.1% Wednesday to post a new 52-week low of $5.58 after closing Tuesday at $5.88. The stock’s 52-week high is $33.85. Volume was about 20% above the daily average of around 2.3 million shares. The Argentina bank posted poor results and issued poor guidance last Friday.

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