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.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.