The 52-Week Low Club for Monday
PDL BioPharma Inc. (NASDAQ: PDLI) dropped 5% on Monday to post a new 52-week low of $6.52 against a 52-week high of $10.26. The stock closed at $6.87 on Friday night. Volume was about equal to the daily average of around 4 million shares. The company had no specific news today, but is scheduled to report first quarter results on Wednesday.
3D Systems Corp. (NYSE: DDD) dropped 1.6% on Monday to add to post a new 52-week low of $24.51 after closing at $24.92 on Friday. The stock’s 52-week high is $69.56. Share volume was about 30% below the daily average of around 2.8 million shares traded. The company announced a distribution deal this morning, but the stock price fades as investors await first quarter results, also due Wednesday from the 3D printer maker.
Zulily Inc. (NASDAQ: ZU) also posted a second consecutive 52-week low on Monday. Shares dropped 2.2% to $11.88 from Friday’s closing price of $12.15. The stock’s 52-week high is $50.39. Volume was about 10% above the daily average of around 2.6 million shares. The company had no news today.
Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) dropped about 10% on Monday to post a new 52-week low of $9.80 after closing at $10.90 on Friday. The stock’s 52-week high is $18.48. Share volume was more than double the daily average of around 1.6 million shares traded. The company reported a first quarter loss this morning.