March 24, 2016: Here are four stocks trading with relatively heavy volume among 55 equities making new 52-week lows in Thursday’s session.
Portola Pharmaceuticals Inc. (NASDAQ: PTLA) posted a new 52-week low on Thursday. Shares traded at a low of $20.00, down about 30%, after closing at $28.62 on Wednesday. The stock’s 52-week high is $57.96. Volume totaled nearly 20 times the daily average of around 770,000 shares. The company announced a failure to meet expected thresholds in a phase 3 trial.
Lannett Company Inc. (NYSE: LCI) dropped about 16% on Thursday to post a new 52-week low at $17.08 after closing at $20.36 on Wednesday. The stock’s 52-week high is $72.44. Share volume of about 3.5 million was more than 3 times higher than the daily average of around 1.1 million shares traded. Canaccord Genuity downgraded the stock after Lannett revised 2016 guidance on Wednesday.
H&R Block Inc. (NYSE: HRB) dropped about 1.4% on Thursday to post a new 52-week low of $26.62 against a 52-week high of $37.53. The stock closed at $26.99 on Wednesday night. Volume totaled about 2.4 million shares compared with the stock’s daily average volume of around 3.2 million. The tax preparation company had no specific news on Thursday.
Teekay Tankers Ltd. (NYSE: TNK) fell by about 7.1% on Thursday to post a new 52-week low of $3.26 against a high of $8.53. The stock closed at $3.51 on Wednesday night. Volume rose to around 2.3 million shares, about 10% lower than the daily average of around 2.6 million shares traded. The shipping company had no specific news on Thursday, but low oil prices are not helping.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
