The 52-Week Low Club for Tuesday
ThinkstockOctober 6, 2015: Here are four stocks trading with heavy volume among 36 equities making new 52-week lows today. Exact Sciences Corp. (NASDAQ: EXAS) dropped nearly 47% on Tuesday to post a new 52-week low of $9.86 against a 52-week…
October 6, 2015: Here are four stocks trading with heavy volume among 36 equities making new 52-week lows today.
Exact Sciences Corp. (NASDAQ: EXAS) dropped nearly 47% on Tuesday to post a new 52-week low of $9.86 against a 52-week high of $32.85. The stock closed at $18.53 on Monday night. Volume was about 27 times the daily average of around 1.4 million shares traded. The company’s colon cancer screening test did not make an independent panel’s list of recommended tests for U.S. patients.
Illumina Inc. (NASDAQ: ILMN) dropped about 20% on Tuesday to post a new 52-week low at $130.00 after closing at $163.17 on Monday. The stock’s 52-week high is $242.37. Share volume was nearly 15 times the daily average of around 1.6 million. The company’s stock was hit with a downgrade after it gave weak guidance.
Radware Ltd. (NASDAQ: RDWR) posted a new low on Tuesday. Shares dropped about 27% to a low of $12.60 from Monday’s closing price of $17.32. The stock’s 52-week high is $24.91. Volume was nearly 17 times the daily average of around 350,000. The cybersecurity company warned on third quarter earnings today.
Blue Buffalo Pet Products Inc. (NASDAQ: BUFF) dropped about 5.1% on Tuesday to post a new post-IPO low of $17.02 against a high of $28.80. The stock closed at $17.94 on Monday night. Volume was about 20% above the daily average of around 1.8 million 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.