Investing
Weight Watchers, Adient Settle into Wednesday's 52-Week Low Club
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January 2, 2019: Here are four stocks trading with heavy volume among 161 equities trading at new 52-week lows in the mid-afternoon Wednesday. On the NYSE, advancers led by decliners about 1.79 to 1 and advancers led decliners on the Nasdaq by about 1.73 to 1.
The three major indexes are on track for moderate moves of around half a percent lower or higher. The Nasdaq Composite is on course for a small gain. Crude oil traded up about 2.5% on the day to settle at $46.54 a barrel. Gold settled up 0.2% at $1,284.10 for the day, it’s highest settlement price since June.
Kadmon Holdings Inc. (NYSE: KDMN) dropped about 9.6% Wednesday to set a new 52-week low of $1.88. Shares closed at $2.08 on Monday and the stock’s 52-week high is $5.86. Volume was more than 16-times the daily average of around 720,000. The biotech firm had no specific news. The stock reversed course and is on track to close with a gain of nearly 9% for the day.
Select Income REIT (NASDAQ: SIR) traded down about 7.7% to post a new 52-week low of $6.87 Wednesday after closing at $7.55 on Monday. The stock’s 52-week high is $11.03 and volume was about three times the daily average of around 1.5 million. The company had no specific news.
Weight Watchers International Inc. (NYSE: WTW) traded down about 4.8% to post a new 52-week low of $36.69 Wednesday after closing at $38.55 on Monday. The stock’s 52-week high is $105.73. Volume was about 25% higher than the daily average of around 2 million. The company had no specific news. After starting off at a new low, shares gathered momentum and are headed for a gain of about 2.5% for the day.
Adient plc (NYSE: ADNT) traded down about 1% Wednesday and posted a new 52-week low of $14.91 after closing Monday at $15.06. The stock’s 52-week high is $84.59. Volume was about 10% lower than the daily average of around 2.2 million. The supplier of vehicle seating systems had no specific news and shares turned around later in the day on the way a gain of around 2.4%.
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