Investing
Biostage, Fossil Group Tumble into Friday's 52-Week Low Club
Published:
Last Updated:
February 10, 2017: Here are four stocks trading with relatively heavy volume among 27 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners more than 2 to 1 and on the Nasdaq advancers led decliners by about 9 to 5.
Biostage Inc. (NASDAQ: BSTG) dropped more than 40% Friday to post a new 52-week low of $0.29 after closing Thursday at $0.51. The 52-week high is $2.86. Volume of nearly 10 million was about 100 times the daily average of around 150,000 shares traded. The company priced a secondary stock offering this morning at $0.40 to raise $8 million.
Galena Biopharma Inc. (NASDAQ: GALE) dropped more than 12% Friday, to post a new 52-week low of $0.72 after closing at $0.82 on Thursday. The stock’s 52-week high is $4.75. Volume was about 50% higher than the daily average of around 2.1 million shares. The company priced a secondary offering of shares and warrants a $1.00 per unit on Thursday.
Fossil Group Inc. (NASDAQ: FOSL) dropped about 3.6% Friday, to post a new 52-week low of $22.47 after closing at $23.31 on Thursday. The stock’s 52-week high is $51.93. Volume was more than double the daily average of around 1.2 million shares. Mizuho Securities cut the stock to Underform this morning.
Himax Technologies Inc. (NASDAQ: HIMX) dropped about 1.4% on Friday to record a new 52-week low of $4.88. The stock closed at $4.95 on Thursday. Volume was about 33% below the daily average of around 3.7 million shares. The company had no specific news.
Sponsored: Want to Retire Early? Here’s a Great First Step
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.
Editors' Picks
