Verizon, GGP Stumble into Monday’s 52-Week Low Club

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May 1, 2017: Here are four stocks trading with relatively heavy volume among 98 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by about 4 to 3.

Spirit Realty Capital Inc. (NYSE: SRC) dropped about 3.2% Monday to post a new 52-week low of $9.12 after closing at $9.42 on Friday. The stock’s 52-week high is $13.97. Volume was more than 4 times the daily average of around 5.8 million shares traded. The company had no specific news.

Intra-Cellular Therapies Inc. (NASDAQ: ITCI) dropped about 43% Monday to post a new low of $7.85 after closing at $13.82 Friday night. The stock’s 52-week high is $45.20. Volume was more than 20 times the daily average of around 18.9 million shares. The company had some trouble with a new drug application for its proposed schizophrenia treatment.

GGP Inc. (NYSE: GGP) posted a new 52-week low of $21.05 on Monday, down 1.5% compared with Friday’s closing price of $21.37. The stock’s 52-week high is $32.10. Volume of around 13 million shares was more than double the daily average of around 5.3 million shares. The company slipped after announcing earnings this morning but is on a pace to close the day up more than 4.5%.

Verizon Communications Inc. (NYSE: VZ) dropped less than 0.1% Monday to post a new 52-week  low of $45.89 after closing Friday at $46.91. The 52-week high is $56.95. Volume of around 11 million shares was about 30% below the daily average of around 15.8 million. The company had no specific news and shares traded up 0.1% with less than half an hour remaining in Monday’s session.