52-Week Lows Pile Up Across Utilities, Retail and Credit Despite Index Gains

CMS Energy shares hit a 52-week low of $18.74, UFP Industries fell to $77.88, Deckers Outdoor touched $77.36, Blue Owl Capital dropped to $10.52, and Marzetti sank to $97.96. The names span utilities, building products, footwear, private credit and packaged food — sectors with little in common, which suggests the weakness is stock-specific rather than a single sector rotation. The pattern lines up with a broader theme from September: the S&P 500 index gained only slightly for the month, but roughly three-quarters of its components actually declined, meaning the index's modest headline gain masked wide dispersion underneath. A handful of large winners can lift the index total while a majority of stocks quietly slide to new lows, and that appears to be what happened this month. What is unresolved is whether these five names are cheap after the declines or reflect deteriorating fundamentals — the wire items report the price levels but not the underlying cause for each stock's slide.