Investing
Encana, Hanesbrands Sink into Thursday's 52-Week Low Club
Published:
Last Updated:
November 1, 2018: Here are four stocks trading with heavy volume among 84 equities making new 52-week lows by mid-day on Thursday. On the NYSE advancers lead decliners by about 2.95 to 1, and on the Nasdaq, advancers lead decliners by about 3.66 to 1.
Encana Corp. (NYSE: ECA) traded down about 17.6% Thursday to post a new 52-week low of $8.44 after closing Wednesday at $10.24. The stock’s 52-week high is $14.31. Volume was about nine times the daily average of around 9.7 million shares. The company announced a $5.5 billion acquisition and investors are not pleased.
Hanesbrands Inc. (NYSE: HBI) traded down about 9.3% Thursday to post a new 52-week low of $15.56 after closing Wednesday at $17.16. The stock’s 52-week high is $23.33. Volume was about 50% higher than the daily average of around 5.8 million shares. The company missed revenue estimates when it reported quarterly results this morning.
Abbvie Inc. (NYSE: ABBV) traded down about 0.4% Thursday to set a new 52-week low of $77.52 after closing at $77.85 on Wednesday. The stock’s 52-week high is $125.86. Volume was about 25% above the daily average of around 5.4 million. The company had no specific news and shares are trading up about 2.8%.
Annaly Capital Management Inc. (NYSE: NLY) dropped about 1% Thursday to set a new 52-week low of $9.77. Shares closed at $9.87 on Wednesday and the stock’s 52-week high is $12.37. Volume was about half the daily average of around 12.8 million. The company reported third-quarter results last night that included a decline of 5.5% in net interest income.
24/7 Wall St.Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
