April 1, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Friday’s session. Volume was light again Friday with advancers trailing losers by 4 points on the NYSE, while 59% of Nasdaq issuers traded higher.
Valeant Pharmaceuticals Inc. (NYSE: VRX) posted a new 52-week low on Friday. Shares traded at a low of $25.75, down about 2.1%, after closing at $26.30 on Thursday. The stock’s 52-week high is $263.81. Volume totaled nearly double the daily average of around 17 million shares. The stock turned around early iand is on track to close the day up more than 7%.
H&R Block Inc. (NYSE: HRB) dropped about 1.8% on Friday to post a new 52-week low of $25.94 against a 52-week high of $37.53. The stock closed at $26.42 on Thursday night. Volume was roughly equal to the stock’s daily average volume of around 3.3 million. The tax preparation company had no specific news Friday.
24/7 Wall St.Anacor Pharmaceuticals Inc. (NASDAQ: ANAC) dropped about 2.7% on Friday to post a new 52-week low at $52.00 after closing at $53.45 on Thursday. The stock’s 52-week high is $156.93. Share volume of about 3.3 million was more than triple the daily average of around 1 million shares traded. The biotech firm priced $250 million in convertible notes and placed them privately. Like Valeant, the shares quickly bounced off their morning low and are on track to close up more than 5% for the day.
Barclays PLC (NYSE: BCS) fell by about 1.6% on Friday to post a new 52-week low of $8.62 against a high of $18.05. The stock closed at $8.62 on Thursday night. Volume rose to around 3 million shares, roughly 30% below the daily average. The bank had no specific news today and is on track to close right around the break-even line.
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