April 5, 2017: Here are four stocks trading with relatively heavy volume among 80 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by nearly 2 to 1 and on the Nasdaq decliners led advancers by more than 2 to 1.
DryShips Inc. (NASDAQ: DRYS) dropped about 17% Wednesday to post a new 52-week low of $1.03 after closing at $1.24 on Tuesday. Volume was about 67% above the daily average of around 29.6 million. The company said Monday that it has agreed to sell up to $226.4 million of its common stock to Kalani Investments Ltd. over a period of 24 months. The shipping firm also agreed to acquire six more ships at a total price of $268 million. Investors are not happy.
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 6.4% Wednesday to post a new 52-week low of $9.52 after closing Tuesday at $10.17. The stock’s 52-week high is $38.50. Volume of about 35 million shares was nearly double the daily average of around 19 million. The company is reportedly having trouble selling one of its division for what it deems an acceptable price.
Top Heal Care Stocks To Own Right Now: CareTrust REIT, Inc.(CTRE)
CareTrust REIT, Inc. ("CareTrust" or the "Company") was formed on October 29, 2013, as a wholly owned subsidiary of The Ensign Group, Inc. ("Ensign"). On June 1, 2014, Ensign completed the separation of its healthcare business and its real estate business into two separate and independent publicly traded companies through the distribution of all of the outstanding shares of common stock of the Company to Ensign stockholders on a pro rata basis (the "Spin-Off"). The Spin-Off was effective from and after June 1, 2014, with shares of our common stock distributed to Ensign stockholders on June 2, 2014. CareTrust holds substantially all of the real property that was previously owned by Ensign. As of December 31, 2014, CareTrust's real estate portfolio consisted of 102 skilled nursing facilities ("SNFs"), assisted living facilities ("ALFs") and independent living facilities ("ILFs"). Advisors' Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Caretrust REIT (CTRE)
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- [By Shane Hupp]
Get a free copy of the Zacks research report on Caretrust REIT (CTRE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Heal Care Stocks To Own Right Now: Galaxy Resources Limited (GALXF)
Galaxy Resources Limited is an Australia-based company engaged in mineral exploration and processing. The Company's principal activities include the production of Lithium Carbonate and exploration for minerals. Its segments include Australian operation, Argentina operation and Canada operation. The Australia operation segment includes the development and operation of the Mt Cattlin spodumene mine and exploration for minerals. The Argentina operation segment includes the development of the Sal de Vida project and exploration for minerals. The Canada operation segment includes the development of the James Bay project and exploration for minerals. The Mt Cattlin spodumene project is located over two kilometers north of the town of Ravensthorpe in Western Australia. The Sal de Vida Project is located in north-west Argentina. Its James Bay project is located in northwest Quebec, over two kilometers south of the Eastmain River and approximately 100 kilometers east of James Bay. Advisors' Opinion:- [By ]
Galaxy Resources [ASX:GXY] (OTCPK:GALXF) - Price = AUD 3.42
Galaxy Resources is an Australian pure play lithium miner with 3 lithium projects globally.
Top Heal Care Stocks To Own Right Now: Nordstrom Inc.(JWN)
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, Jeffrey? boutiques, treasure & bond, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog. Nordstrom also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. The company?s credit and debit cards feature a shopping-based loyalty program. As of September 30, 2011, it operated 222 stores, including 117 full-line stores, 101 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure & bond store, and 1 clearance store in 30 states. The company was founded in 1901 and is based in Seattle, Washington.
Advisors' Opinion:- [By ]
Nordstrom (JWN) was down 8.5% after the department-store operator was downgraded to Underweight from Equal Weight at Morgan Stanley. Nordstrom stock dropped 18% on Wednesday after reporting earnings.
- [By ]
Nordstrom (ticker: JWN) reported fiscal second-quarter earnings of 49 cents a share, ahead of consensus estimates at 27 cents a share, according to FactSet. Sales of $3.57 billion were up 101% from last year and above consensus estimates at $3.34 billion. Still, sales were down 6% from the same period in 2019, before the pandemic withered traffic counts in department stores.
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