February 23, 2015: Here are four stocks among the 67 equities making new 52-week lows today.
Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) dropped about 24% on Monday to establish a new 52-week low at $5.65 against a high of $9.27. Volume was more than 8-times the daily average of around 800,000 shares. A federal ruled late Friday that Spectrum’s patent claims for is Fusilev cancer drug were invalid.
500.com Ltd. (NYSE: WBAI) posted a new 52-week low on Monday. Shares dropped nearly about 20% to $12.52 from Friday’s closing price of $15.66. The stock’s 52-week high is $54.00 Volume is more than 6-times the daily average of around 750,000 shares. The China-based online sports lottery service after the company denied that its license had been revoked and that its CEO had been detained.
HSBC Holdings plc (NYSE: HSBC) dropped about 5.4% on Monday to post a new 52-week low of $44.17 after closing at $46.68 on Friday. The stock’s 52-week high is $54.42. Share volume was about double the daily average of around 1.9 million shares traded. The U.K.-based bank reported lower profits this morning on higher legal expenses. The bank is in hot water over leaked documents indicating that the bank was helping some clients hide money from tax authorities.
NOW Inc. (NYSE: DNOW) dropped about 8.4% on Monday to post a new 52-week low of $21.42 after closing at $23.39 on Friday. The stock’s 52-week high is $37.65. Share volume was about 3-times the daily average of around 1.65 million shares traded. The The distributor of products to the energy and industrial market is a spin-off of National Oilwell Varco Inc. (NYSE: NOV) and posted weak quarterly results this morning.
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