The following stocks (NASDAQ:WDC, NASDAQ:BBBY and NYSE:LUK) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
Western Digital Corp (NASDAQ:WDC)(Trend analysis) shares traded close to their lowest level in a year. The Computers & Memory Devices company’s share price is currently trading 2.64% above its 52-week-low. The 1-year stock price history is in the range of $60.12 – $114.69. Western Digital Corp is currently valued at $14.3 billion. The stock has a 50-day moving average of $71.79 and a 200-day moving average of $81.49.
There are currently twenty-seven analysts that cover Western Digital Corp stock. Of those twenty-seven, twenty-one have a Buy rating, six have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $96.22.
The stock closed last trading session at $61.71, down by -0.48%.
Bed Bath & Beyond Inc (NASDAQ:BBBY)(Trend analysis) shares were traded at $53.62, down by -0.35%, close to the 52-week low of $52.43, with a volume of 2,119,491 shares against an average volume for the last 3 months of 2,416,050. This represents a volume multiple of 0
Bed Bath & Beyond Inc (BBBY) current short interest stands at 16.68 million shares. It has increased by 2% from the same period of last month. Around 11% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.48 million shares, the number of days required to cover the short positions stand at 6.8 days.
A recent stock analyst activity consisted of Jefferies who initiated their coverage on the stock with Hold rating on October 8. Jefferies fixed their price target at $63.
Leucadia National Corp (NYSE:LUK)(Trend analysis) shares are also trading near the 52-week low of $17.93. The stock closed last trading session at $18.06, down by -0.33%, with a volume of 2,240,187 shares compared to an average volume for the last 3 months of 2,360,160. The year-to-date performance of the stock stands at -29.6%.
Leucadia National Corp (LUK) current short interest stands at 9.99 million shares. It has decreased by 6% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.19 million shares, the number of days required to cover the short positions stand at 4.6 days.