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Macy’s, Penney’s Crash into Thursday’s 52-Week Low Club

May 11, 2017: Here are four stocks trading with relatively heavy volume among 105 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by nearly 3 to 2 and on the Nasdaq decliners led advancers by about 9 to 5.

Macy’s Inc. (NYSE: M) dropped about 16.8% Thursday to post a new 52-week low of $24.42 after closing at $29.34 on Wednesday. The stock’s 52-week high is $45.41. Volume of more than 40 million was more than 6 times the daily average of around 6.4 million shares traded. The...