Fitbit, Vodafone Sink into Tuesday’s 52-Week Low Club
November 29, 2016 by Paul AusickNovember 29, 2016: Here are four stocks trading with relatively heavy volume among 39 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by fewer than 100 issues and on the Nasdaq decliners led advancers by just over 100 issues.
Fitbit Inc. (NYSE: FIT) lost about 2.4% Tuesday to post a new 52-week low of $8.20 after closing Monday at $8.40. The 52-week high is $34.68. Volume of around 7.1 million was about 30% below the daily average of around 1 million shares traded. The company had no specific news Tuesday.
Vodafone Group plc (NASDAQ: VOD) dropped about 0.1% on Tuesday to post a new 52-week low of $24.50 against a 52-week high of $28.13 and a Monday close of $24.53. Volume of about 5.2 million was about 15% below the daily average of around 6.4 million. The company had no specific news either.
Nivalis Therapeutics Inc. (NASDAQ: NVLS) dropped 60% on Tuesday to post a new 52-week low of $2.50 after closing at $6.25 on Monday. The stock’s 52-week high is $9.45. Volume of about 4.2million was about 60 times the daily average of around 75,000 shares. The company reported a failed mid-stage trial on its treatment for cystic fibrosis.
PDL BioPharma Inc. (NASDAQ: PDLI) dropped about 3.8% on Tuesday to post a new 52-week low of $2.31 after closing at $2.40 on Monday. The stock’s 52-week high is $3.95. Volume was about double the daily average of around 2 million shares. The company had no specific news Tuesday.
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