Arrowhead, Coca-Cola Lead Wednesday’s 52-Week Low Club
November 30, 2016 by Paul AusickNovember 30, 2016: Here are four stocks trading with relatively heavy volume among 62 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers by about 5 to 4.
Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) lost about 68% Wednesday to post a new 52-week low of $1.42 after closing Tuesday at $4.39. The 52-week high is $8.22. Volume of around 16.6 million was about 16 times the daily average of around 1 million shares traded. The company said it is discontinuing development on some new drug candidates.
The Coca-Cola Co. (NYSE: KO) dropped 1.5% on Wednesday to post a new 52-week low of $40.547 after closing at $41.15 on Tuesday. The stock’s 52-week high is $47.13. Volume of about 13 million was about equal to the daily average. The company had no specific news Wednesday.
Costamare Inc. (NYSE: CMRE) dropped nearly 16% on Wednesday to post a new 52-week low of $5.61 after closing at $6.65 on Tuesday. The stock’s 52-week high is $11.92. Volume was about 20 times the daily average of around 2 million shares. The company priced a secondary offering this morning at $6.00 a share, always a losing strategy among current shareholders..
Vodafone Group plc (NASDAQ: VOD) dropped about 0.2% on Wednesday to post a new 52-week low of $24.45 against a 52-week high of $28.13 and a Tuesday close of $24.49. Volume of about 6.6million was about less than 10% above the daily average of around 6.5 million. The company had no specif
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