March 16, 2017: Here are four stocks trading with relatively heavy volume among 53 equities making new 52-week lows in Thursday's session. On the NYSE, advancers led decliners by less than 4 to 3 and on the Nasdaq advancers led decliners by more than 4 to 3.
Guess Inc. (GES) posted a new 52-week low of $10.33 on Thursday, down about 15.5% compared with Wednesday's closing price of $12.23. The stock's 52-week high is $19.45. Volume was more than 7 times the daily average of around 1.3 million shares. The apparel maker missed quarterly estimates and the outlook for improvement is murky at best.
Anthera Pharmaceuticals Inc. (ANTH) dropped about 11% Thursday, to post a new 52-week low of $0.40 after closing at $0.45 on Wednesday. The stock's 52-week high is $4.41. Volume was about 20% above the daily average of around 2.3 million shares. The company had no specific news.
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Walter Investment Management Corp. (WAC) dropped about 45% Thursday, to post a new 52-week low of $0.85 after closing at $1.55 on Wednesday. The stock's 52-week high is $8.51. Volume was more 5 times the daily average of around 415,000 shares. The company had no specific news.
Rentech Inc. (RTK) dropped nearly 26% Thursday to post a new 52-week low of $0.55 after closing Wednesday at $0.74. Volume of more than 2.6 million shares was about 5 times the daily average of around 500,000. The company reported preliminary results this morning and there was no good news to be found.