The 52-Week Low Club for Tuesday
ThinkstockApril 21, 2015: Here are four stocks among the 21 equities making new 52-week lows today. Ultra Clean Holdings Inc. (NASDAQ: UCTT) dropped about 25% on Tuesday to post a new 52-week low of $5.26 against a high of $12.19.…
April 21, 2015: Here are four stocks among the 21 equities making new 52-week lows today.
Ultra Clean Holdings Inc. (NASDAQ: UCTT) dropped about 25% on Tuesday to post a new 52-week low of $5.26 against a high of $12.19. The stock closed at $6.83 on Monday night. Volume was about 13-times the daily average of around 140,000 shares. The company guided second quarter results well short of consensus.
Invitae Corp. (NYSE: NVTA) also posted a new 52-week low on Tuesday. Shares dropped about 13.7% to $13.70 from Monday’s closing price of $15.88. The stock’s post-IPO high is $22.35. 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.
Hugoton Royalty Trust (NYSE: HGT) dropped about 6.5% on Tuesday to post a new 52-week low of $5.15 after closing at $5.51 on Monday. The stock’s 52-week high is $12.04. Share volume was about double the daily average of around 236,000 shares traded. The company announced its monthly distribution $0.007424 per common unit yesterday, well below the prior level of around $0.02 per unit.
Acacia Research Corp. (NASDAQ: ACTG) dropped about 1.8% on Tuesday to post a new 52-week low of $9.83 after closing at $10.01 on Monday. The stock’s 52-week high is $19.93. Share volume was about equal to the daily average of around 620,000 shares traded. The company 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.