Source: Thinkstock
Alibaba Group Holdings Ltd. (NYSE: BABA) dropped 3.5% on Tuesday to post a new 52-week low of $77.77 against a 52-week high of $120.00. The stock closed at $80.59 on Monday night. Volume was about double the daily average of around 16 million shares. The company broke through its technical support barrier of $80 a share and the carnage began.
Nokia Corp. (NYSE: NOK) dropped 1.3% on Tuesday to post a new 52-week low of $6.30 after closing at $6.38 on Monday. The stock’s 52-week high is $8.73. Share volume was about 10% above the daily average of around 27 million shares traded. The company had no specific news today.
Nationstar Mortgage Holdings Inc. (NYSE: NSM) posted a new 52-week low on Tuesday. Shares dropped 26.6% to $19.21 from Monday’s closing price of $12.15. The stock’s 52-week high is $37.95. Volume was about 10-times the daily average of around 1.2 million shares. The company missed estimates when it reported earnings this morning.
AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX) dropped nearly 30% on Tuesday to post a new 52-week low of $2.96 after closing at $4.20 on Monday. The stock’s 52-week high is $11.65. Share volume was more than 4-times the daily average of around 132,000 shares traded. The company was denied a meeting with the FDA to discuss its pain drug device Zalviso.
ALSO READ: 15 Companies Losing the Most Money
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
