Nokia, Teva Plunge into Tuesday’s 52-Week Low Club

November 15, 2016 by Paul Ausick

November 15, 2016: Here are four stocks trading with relatively heavy volume among 40 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by nearly 3 to 1 and on the Nasdaq advancers led decliners by about 3 to 2.

Nokia Corp. (NYSE: NOK) dropped about 6.3% on Tuesday to post a new 52-week low of $4.04 against a 52-week high of $7.55. Volume of about 31 million was nearly 3 times the daily average of around 11.7 million. The network equipment company suffered from missed estimates and a weak forecast.

Teva Pharmaceuticals Industries Ltd. (NYSE: TEVA) lost about 8% Tuesday to post a new 52-week low of $37.75 after closing Monday at $41.03. The 52-week high is $66.55. Volume of around 20 million was more than double the daily average of around 8 million shares traded. The company’s third-quarter results were not enough to satisfy investors.

Synthetic Biologics Inc. (NYSEMKT: SYN) dropped about 41% on Tuesday to post a new 52-week low of $0.85 after closing at $1.43 on Monday. The stock’s 52-week high is $3.09. Volume of about 11 million was more than 30 times the daily average of around 350,000 shares. The company priced a secondary offering of 25 million shares and warrants at $1.00 per unit.

Rex Energy Corp. (NASDAQ: REXX) dropped about 37% on Tuesday to post a new 52-week low of $0.23 after closing at $0.35 on Monday. The stock’s 52-week high is $2.43. Volume was about 5 times the daily average of around 1.3 million shares. The independent oil and gas driller said yesterday that talks with a senior noteholder had failed and that its remaining options for remaining in business are limited.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.