Investing
Bristol-Myers, Staples Fall Into Monday's 52-Week Low Club
Published:
Last Updated:
October 7, 2016: Here are four stocks trading with relatively heavy volume among 26 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 2.5 to 1 and on the Nasdaq advancers led decliners by nearly the same margin.
Bristol-Myers Squibb Co. (NYSE: BMY) dropped more than 10% on Monday to post a new 52-week low of $74.93 against a 52-week high of $111.11. Volume of about 56 million was more than 4 times the daily average of around 12.1 million. The stock closed at $55.43 on Friday night. The company’s stock is tumbling following a failed clinical trial of its lung cancer treatment.
Staples Inc. (NASDAQ: SPLS) lost about 0.5% Monday to post a new 52-week low of $7.99 after closing Friday at $8.03. The 52-week high is $13.50. Volume of around 7 million was about 15% above the daily average of around 6 million shares traded. The company had no specific news Monday.
Novo Nordisk A/S (NYSE: NVO) dropped about 1.5% on Monday to post a new 52-week low of $40.11 after closing at $40.73 on Friday. The stock’s 52-week high is $59.00. Volume was about 60% higher than the daily average of around 2.8 million shares. The company had no specific news.
Fang Holdings Ltd. (NYSE: SFUN) lost about 3.5% Monday to post a new 52-week low of $3.87 after closing Friday at $4.01. The 52-week high is $8.17. Volume of around 3.5 million was slightly below the daily average of around 3.6 million shares traded. The utility company had no specific news. The Beijing-based online real-estate platform had no specific news Monday.
Want retirement to come a few years earlier than you’d planned? Or are 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.