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Stocks That Fell to 3-Year Lows in the Week of Jan. 17

Gilead Sciences Inc. (NASDAQ:GILD), Sprint Corp. (NYSE:S), Macerich Co. (NYSE:MAC) and EQT Corp. (NYSE:EQT) have declined to their three-year lows.

Gilead Sciences declined to $62.98

The price of Gilead Sciences shares declined to $62.98 on Jan. 17, which is only 4.2% above the three-year low of $60.32.

Gilead Sciences is an American pharmaceutical and biotechnology company that develops and commercializes therapeutics. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C and influenza. Some of the products that the company developed include AmBisome, Atripla, Cayston, Emtriva and Flolan.


The company has a market cap of $79.68 billion; its shares were traded around $62.98 with a price-earnings ratio of 30.13 and a price-sales ratio of 3.61. The trailing 12-month dividend yield is 4.01%. The forward dividend yield is 3.99%. Gilead Sciences had an annual average earnings growth of 26.10% over the past 10 years.

On Jan. 9, Gilead announced it has licensed the Rockefeller University's portfolio of broadly neutralizing antibodies against HIV, including two clinical-stage agents, 3BNC117 and 10-1074. These agents have potential for long-acting HIV therapies for both treatment and prevention.

Sprint declined to $4.82

The price of Sprint shares declined to $4.82 on Jan. 17, which is only 1.5% above the three-year low of $4.75.

Sprint is an American telecommunications company that focuses on providing wireless and internet services. The company is the fourth-largest mobile network operator in the United States and serves 54.3 million customers as of June 2019. The company is also a component of the Russell 1000.

The company has a market cap of $19.8 billion; its shares were traded around $4.82 with a price-sales ratio of 0.60. Sprint had an annual average earnings growth of 4.60% over the past 10 years.

On Jan. 8, Sprint announced that its Curiosity internet of things platform will soon be available for customers in Australia through a new partnership with Australia's biggest mobile network operator, Telstra. The new partnership will allow local breakout in Australia and will improve roundtrip time and better performance of IoT applications.

Macerich declined to $25.76

The price of Macerich shares declined to $25.76 on Jan. 17, which is only 3.2% above the three-year low of $24.94.

Macerich is an American self-managed real estate investment trust. It is the third-largest owner and operator of shopping centers in the United States and is a component of the S&P 500.

Macerich has a market cap of $3.64 billion; its shares were traded around $25.76 with a price-earnings ratio of 45.20 and a price-sales ratio of 3.92. The trailing 12-month dividend yield is 11.65%. The forward dividend yield is 11.57%.

On Dec. 3, Macerich announced it closed a $540 million loan on Kings Plaza in Brooklyn, New York. The new loan bears a fixed interest rate of 3.62% and will mature on Jan. 1, 2030. The former loan on the plaza from the company totaled $427.4 million, which was repaid at closing.

EQT declined to $8.24

The price of EQT shares declined to $8.24 on Jan. 17, which is only 2.9% above the three-year low of $8.

EQT is an American petroleum and natural gas exploration and pipeline company. The company is one of the largest natural gas produces in the Appalachian Basin, with more than 13 trillion cubic feet equivalent of proved natural gas, natural gas liquids and petroleum reserves across approximately 3.6 million gross acres. The company also owns a controlling interest in EQT Midstream Partners LP.

ETQ has a market cap of $2.11 billion; its shares were traded around $8.24 with a price-sales ratio of 0.44. The trailing 12-month dividend yield is 1.46%. The forward dividend yield is 1.40%.

On Jan. 15, ETQ announced it has priced an offering of $1.0 billion in aggregate principal amount of its 6.125% senior notes due Feb. 1, 2025, and another $750 million in aggregate principal amount of its 7.000% senior notes due Feb. 1, 2030. The company expects the offering to close on Jan. 21.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.