The 52-Week Low Club for Monday
ThinkstockApril 20, 2015: Here are four stocks among the 26 equities making new 52-week lows today. Iconix Brand Group Inc. (NASDAQ: ICON) dropped nearly 20% on Monday to post a new 52-week low of $25.713 against a high of $44.81.…
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April 20, 2015: Here are four stocks among the 26 equities making new 52-week lows today.
Iconix Brand Group Inc. (NASDAQ: ICON) dropped nearly 20% on Monday to post a new 52-week low of $25.713 against a high of $44.81. The stock closed at $32.031 on Friday night. Volume was nearly 15-times the daily average of around 1 million shares. The company’s COO resigned late Friday and the company said it will not replace him.
Ampio Pharmaceuticals Inc (NYSEMKT: AMPE) also posted a new 52-week low on Monday. Shares dropped about 72% to $2.49 from Friday’s closing price of $7.87. The stock’s 52-week high is $9.01. Volume is more than 20-times above the daily average of around 800,000 shares. The company’s pain drug from osteoarthritis failed to reach a primary endpoint in a late-stage study.
Michael Kors Holdings Ltd. (NYSE: KORS) dropped about 3.2% on Monday to post a new 52-week low of $61.22 after closing at $63.25 on Friday. The stock’s 52-week high is $98.96. Share volume was about a third higher than the daily average of around 3.37 million shares traded. The company received a downgrade from Buy to Neutral at Mizuho this morning.
Lexington Realty Trust (NYSE: LXP) dropped fractionally on Monday to post a new 52-week low of $9.49 after closing at $9.51 on Friday. The stock’s 52-week high is $11.75. Share volume was about 15% below the daily average of around 1.95 million shares shares traded. The REIT had no specific news today.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.