Investing

The 52-Week Low Club for Monday

March 21, 2016: Here are four stocks trading with relatively heavy volume among 7 equities making new 52-week lows in Monday’s session.

Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped another 3.7% on Monday to post a new 52-week low at $25.99 after closing at $26.98 on Friday. The stock’s 52-week high is $263.81. Share volume of about 67 million was more than 5 times the daily average of around 13.4 million shares traded. The company said this morning that it will replace its CEO and that hedge fund investor Bill Ackman will get a seat on the drugmaker’s board. As the closing bell draws near shares are on track to add more than 6% for the day.

BP Prudhoe Bay Royalty Trust (NYSE: BPT) fell by about 132.7% on Monday to post a new 52-week low of $15.11 against a high of $77.92. The stock closed at $17.51 on Friday night. Volume rose to around 800,000 shares, about 60% higher than the daily average of around 500,000 shares traded. The company, which pays royalties based on production from Alaska’s North Slope fields, is cutting the number of rigs in use from five to two.

Xerium Technologies Inc. (NYSE: XRM) posted a new 52-week low on Monday. Shares traded at a low of $5.42, down about 7%, after closing at $5.80 on Friday. The stock’s 52-week high is $18.93. Volume totaled about 60% above the daily average of around 95,000 shares. The company had no specific news Monday.

Regenxbio Inc. (NASDAQ: RGNX) dropped about 3.7% on Monday to post a new 52-week low of $11.19 against a 52-week high of $32.00. The stock closed at $11.62 on Friday night. Volume totaled just 75,000 shares compared with the stock’s daily average volume of around 82,000. The biotech firm had no specific news on Monday.

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