Nordstrom, Tailored Brands Drop Into Wednesday's 52-Week Low Club

Investing

Published: January 16, 2019 12:35 pm

Last Updated: January 31, 2020 1:56 am

January 16, 2019: Here are four stocks trading with heavy volume among just 15 equities that have posted new 52-week lows by the noon hour Wednesday. On the New York Stock Exchange, advancers led decliners by about 1.6 to 1.0 and advancers led decliners on the Nasdaq by about 1.6 to 1.0.

The three major indexes were all trading moderately higher. Crude oil traded down about 0.3% on the day at $51.91 a barrel. Gold traded up about 0.5% at $1,294.80 for the day.

Nordstrom Inc. (NYSE: JWN) traded down nearly 8.9% Wednesday and posted a new 52-week low of $43.05, after closing Tuesday at $47.26. The stock’s 52-week high is $67.75. Volume was more than double the daily average of around 3 million. The retailer reported disappointing holiday sales this morning.

Electronics for Imaging Inc. (NASDAQ: EFII) traded down about 27% to post a new 52-week low of $19.80 Wednesday, after closing at $27.18 on Tuesday. The stock’s 52-week high is $35.62. Volume was nearly eight times the daily average of around 550,000. The company lowered its fourth-quarter guidance this morning.

Tailored Brands Inc. (NYSE: TLRD) traded down about 2.4% to post a new 52-week low of $11.68 Wednesday, after closing at $11.97 on Tuesday. The stock’s 52-week high is $35.94, and volume was about half the daily average of around 1.8 million. The clothing retailer that owns Men’s Wearhouse and JoS. A. Banks stores, among other brands, lowered its fiscal 2018 earnings outlook Monday morning, and investors have lowered the share price in response.

Ligand Pharmaceuticals Inc. (NASDAQ: LGND) dropped about 23% Wednesday to set a new 52-week low of $98.56. Shares closed at $131.77 on Tuesday, and the stock’s 52-week high is $278.62. Volume was about five times the daily average of about 670,000. The company was bashed today in a report by short-seller Citron Research which has set a price target of $35 on the stock.

ALSO READ: The 10 Best American Stocks to Buy as China’s Economy Tanks

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.