Investing

Estée Lauder, Weight Watchers Melt into Thursday's 52-Week Low Club

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January 10, 2019: Here are four stocks trading with heavy volume among just 13 equities trading at new 52-week lows Thursday. On the NYSE, advancers led decliners by about 1.33 to 1 and advancers led decliners on the Nasdaq by about 1.09 to 1.

The three major indexes are all on track to post modest gains of around 0.35% in Thursday’s trading session. Crude oil traded up about 0.4% on the day to settle at $52.59 a barrel. Gold settled down about 0.4% at $1,287.40 for the day.

Weight Watchers International Inc. (NYSE: WTW) traded down about 3.4% Thursday and posted a new 52-week low of $34.80 after closing Wednesday at $36.02. The stock’s 52-week high is $105.73. Volume was about 50% above the daily average of around 2.2 million. The company had no specific news, but its new campaign to brand the firm “WW” may not be a big hit with investors.

Vical Inc. (NASDAQ: VICL) traded down nearly 19% to post a new 52-week low of $0.90 Thursday after closing at $1.11 on Wednesday. The stock’s 52-week high is $1.92 and volume was about 45 times the daily average of around 62,000. The development-stage biopharmaceutical company had no specific news.

The Estée Lauder Companies Inc. (NYSE: EL) dropped about 5% Thursday to set a new 52-week low of $121.50. Shares closed at $127.83 on Wednesday and the stock’s 52-week high is $158.80. Volume was around 30% higher than the daily average of about 2.3 million. The health and beauty products maker had no specific news.

e.l.f. Beauty Inc. (NYSE: ELF) traded down about 23.6% to post a new 52-week low of $7.51 Thursday after closing at $9.83 on Wednesday. The stock’s 52-week high is $21.98. Volume was about three times the daily average of around 550,000. An analyst downgraded the stock to Underperform and cut the price target to $8.00 a share.

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