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Shuda Xia
Shuda Xia
Articles (406) 

Stocks That Fell to 3-Year Lows in the Week of June 21

CVS Health Corp, Carnival PLC, Annaly Capital Management Inc. and Ryanair Holdings PLC have declined to their three-year lows

June 22, 2019 | About:

CVS Health Corp. (NYSE:CVS), Carnival PLC (NYSE:CUK), Annaly Capital Management Inc. (NYSE:NLY) and Ryanair Holdings PLC (NASDAQ:RYAAY) have declined to their three-year lows.

CVS Health Corp. (NYSE:CVS) declined to $53.65

The prices of CVS Health Corp. (NYSE:CVS) shares have declined to $53.65 on June 21, which is only 3.6% above the 3-year low of $51.72.

CVS Health Corp. is an American retail pharmacy and health care company that grew from the parent company Mark Steven Inc. The business began as a chain of health and beauty aid stores but within several years pharmacies were added. The company owns several subsidiaries, including CVS Pharmacy, MinuteClinic, Caremark Rx, Longs Drugs, Omnicare, and Navarro Discount Pharmacies.

CVS Health Corp. has a market cap of $69.7 billion; its shares were traded around $53.65 with and P/S ratio of 0.29. The trailing 12-month dividend yield of CVS Health Corp. stocks is 3.70%. The forward dividend yield of CVS Health Corp. stocks is 3.71%. CVS Health Corp. had an annual average earnings growth of 7.40% over the past 10 years.

On June 17 CVS Health Corp. announced that in response to the significant increase in the number of teens using e-cigarettes, the company and its charitable foundations will award a total of more than $10 million in 2019 to support youth smoking and e-cigarette prevention strategies and education delivered in classrooms, by clinicians, and in communities across the country.

Carnival PLC (NYSE:CUK) declined to $45.05

The prices of Carnival PLC (NYSE:CUK) shares have declined to $45.05 on June 21, which is only 3.6% above the 3-year low of $43.45.

Carnival PLC is a British-American cruise operator and currently the world’s largest travel leisure company. The company has a combined fleet of over 100 vessels across 10 cruise line brands. The company is composed of two companies, Carnival Corporation and Carnival PLC, which function as one entity. The company is the only company in the world to be listed on both the S&P 500 and FTSE 100 indexes.

Carnival PLC has a market cap of $29.55 billion; its shares were traded around $45.05 with a P/E ratio of 10.37 and P/S ratio of 1.66. The trailing 12-month dividend yield of Carnival PLC stocks is 4.42%. The forward dividend yield of Carnival PLC stocks is 4.23%. Carnival PLC had an annual average earnings growth of 6.80% over the past 10 years.

On June 20 Carnival PLC reported financial results for the second quarter of 2019 ended May 31. U.S. GAAP net income was $451 million, or $0.65 per diluted share, compared to net income of $561 million, or $0.78 per diluted share, during the same quarter prior year. Adjusted net income for the quarter was $457 million, or $0.66 adjusted earnings per share, compared to adjusted net income of $489 million, or $0.68 adjusted earnings per share, for the same quarter prior year.

Annaly Capital Management Inc. (NYSE:NLY) declined to $9.15

The prices of Annaly Capital Management Inc. (NYSE:NLY) shares have declined to $9.15 on June 21, which is only 4.5% above the 3-year low of $8.74.

Annaly Capital Management Inc. is an American mortgage real estate investment trust. The company borrows money via short term repurchase agreements and reinvests the proceeds in asset backed securities. The company generates profits from the net interest spread between the interest it earns from assets and borrowing costs.

Annaly Capital Management Inc. has a market cap of $13.32 billion; its shares were traded around $9.15 . The trailing 12-month dividend yield of Annaly Capital Management Inc. stocks is 9.84%. The forward dividend yield of Annaly Capital Management Inc. stocks is 10.94%.

On June 21 Annaly Capital Management Inc. announced redemption of all 7,000,000 outstanding shares of 7.625% Series C cumulative redeemable preferred stock. The cash redemption amount for each share of stock is $25.00 plus accrued and unpaid dividends to the redemption date of July 21, 2019. On the redemption date, dividends on the stock will cease to accumulative and all rights relating to the Series C Preferred Stock will terminate, except the right to receive the redemption amount.

Ryanair Holdings PLC (NASDAQ:RYAAY) declined to $62.13

The prices of Ryanair Holdings PLC (NASDAQ:RYAAY) shares have declined to $62.13 on June 21, which is only 2.1% above the 3-year low of $60.83.

Ryanair Holdings PLC is an Irish airline that is one of the largest European airlines by schedule passengers flown. In 2016, the company carried more international passengers than any other airline. The airline owns a fleet of 444 planes and is known for its low fares.

Ryanair Holdings PLC has a market cap of $12.52 billion; its shares were traded around $62.13 with a P/E ratio of 13.01 and P/S ratio of 1.50. Ryanair Holdings PLC had an annual average earnings growth of 21.70% over the past 10 years.

On June 11 Ryanair Holdings PLC announced that it has agreed to purchase Malta Air, a Maltese start up airline. The company will move and grow its Malta based fleet of 6 B737 into the new airline. The investment in Malta Air will allow Ryanair to grow its customer base in Malta and to access non-European markets. Completion of the acquisition is planned for the end of June.

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


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