Investing
Impax Labs, Red Robin Burgers in Tuesday's 52-Week Low Club
Published:
Last Updated:
August 9, 2016: Here are three stocks trading with relatively heavy volume among 20 equities making new 52-week lows in Tuesday’s session. NYSE advancers led decliners by about 5 to 4 and Nasdaq advancers led decliners by the same margin.
Impax Laboratories Inc. (NASDAQ: IPXL) dropped about 28% on Tuesday to post a new 52-week low of $22.08 after closing at $30.59 on Monday. The stock’s 52-week high is $47.48. Volume reached nearly 10 times the daily average of around 640,000 shares. The specialty pharmaceuticals maker plunged on a weak earnings report and downbeat outlook.
Navigator Holdings Ltd. (NYSE: NVGS) lost about 15% Tuesday to post a new 52-week low of $8.15 after closing Monday at $9.58. The 52-week high is $17.67. Volume was about double the daily average of around 340,000 shares. Navigator also fluffed its Q2 earnings estimates.
Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) dropped about 7.2% on Tuesday to post a new 52-week low of $45.00 against a 52-week high of $84.57. Volume of around 1.2 million was about 4 times the daily average of around 340,000. The stock closed at $48.50 on Monday night. The company’s CEO retired after the burger joint missed street forecasts for earnings last night..
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
