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Stocks That Fell to 3-Year Lows in the Week of Dec. 27

Netgear Inc. (NASDAQ:NTGR), DuPont de Nemours Inc. (NYSE:DD), Westpac Banking Corp. (NYSE:WBK) and Macerich Co. (NYSE:MAC) have declined to their three-year lows.

Netgear declined to $24.50

The price of Netgear shares declined to $24.50 on Dec. 27, which is only 3.3% above the three-year low of $23.69.

Netgear is a networking equipment company with offices in more than 25 countries. The company focuses on producing networking hardware for consumer, business, and service provider clients. The company's products cover a variety of commonly used technologies such as wireless, ethernet and powerline, with an emphasis on reliability and ease of use.


Netgear has a market cap of $738.6 million; its shares were traded around $24.50 with a price-earnings ratio of 61.26 and a price-sales ratio of 0.78. Netgear had an annual average earnings growth of 2.40% over the past 10 years.

On Dec. 10, Netgear announced that Mickey Mericle has joined the company's board of directors. Mericle currently serves as the chief marketing officer of Shutterfly Inc. (SFLY), where she is responsible for all aspects of the company's marketing campaigns. Prior to Shutterfly, she served as vice president of global marketing for Adobe Systems, where she led the web analysis and optimization, media measurement and Adobe Digital Insights programs.

DuPont de Nemours declined to $63.73

The price of DuPont de Nemours shares declined to $63.73 on Dec. 27, which is only 3.3% above the three-year low of $61.63.

DuPont de Nemours is an American chemical company that was formed by the merger of Dow Chemical and DuPont in 2017. Prior to the spinoff of Dow Inc. and Corteva, the company was the world's largest chemical company in terms of sales. The company is a component of the S&P 100.

DuPont has a market cap of $47.21 billion; its shares were traded around $63.73 with a price-earnings ratio of 60.14 and a price-sales ratio of 0.49. The trailing 12-month dividend yield is 3.39%. The forward dividend yield is 1.88%. DuPont De Nemours had an annual average earnings growth of 2.10% over the past 10 years.

On Dec. 11, DuPont announced it has signed an agreement to acquire Desalitech Ltd., a closed-circuit reverse osmosis company. Desalitech has globally patented and unique process technologies, with standardized design and operated using proprietary software. The company has proven the value of these systems to deliver up to a 90% to 98% water recovery at more than 200 blue chip customers over the past seven years. The transaction is expected to close in January. Financial terms of the agreement were not disclosed.

Westpac Banking declined to $16.83

The price of Westpac Banking shares declined to $16.83 on Dec. 27, which is only 3.3% above the three-year low of $16.27.

Westpac is an Australian bank and financial services provider that is one of Australia's "big four" banks. As of March 2018, the company has approximately 14 million customers and employs 40,000 people.

Westpac has a market cap of $32.1 billion; its shares were traded around $16.83 with a price-earnings ratio of 12.78 and a price-sales ratio of 4.07. The trailing 12-month dividend yield is 7.18%. The forward dividend yield is 6.58%.

On Nov. 28, Westpac Banking announced that Promontory had been appointed to undertake the External Accountability and Financial Crime Program Review outlined in the company's review plan. The review, which is commissioned by the newly appointed Westpac Board Financial Crime Committee, will begin immediately. The company will also establish an Accountability Review advisory panel of three independent experts to consider Promontory's report and provide additional recommendations on governance.

Macerich declined to $26.50

The price of Macerich shares declined to $26.50 on Dec. 27, which is only 3.7% above the three-year low of $25.53.

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. The company owns property across the United States, including in California, Arizona, Washington, Missouri and New York.

Macerich Co. has a market cap of $3.74 billion; its shares were traded around $26.50 with a price-earnings ratio of 46.47 and a price-sales ratio of 4.02. The trailing 12-month dividend yield is 11.33%. The forward dividend yield is 11.41%.

On Dec. 3, Macerich announced it has 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.

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.