The 52-Week Low Club for Wednesday
October 28, 2015: Here are four stocks trading with heavy volume among 97 equities making new 52-week lows today. NorthStar Realty Finance Corp. (NYSE: NRF) dropped about 1.7% on Wednesday to post a new 52-week low of $11.19 against a…
NorthStar Realty Finance Corp. (NYSE: NRF) dropped about 1.7% on Wednesday to post a new 52-week low of $11.19 against a high of $19.74. The stock closed at $11.35 on Tuesday night. Volume was nearly 6 times the daily average of around 8 million shares traded. The company had no specific news today.
Wal-Mart Stores Inc. (NYSE: WMT) posted a new low on Wednesday. Shares dropped about 0.6% to a low of $57.16 from Tuesday’s closing price of $57.48. The stock’s 52-week high is $90.97. Volume was about 30% below the daily average of around 11.5 million. The company had no specific news today.
Excelon Corp. (NYSE: EXC) dropped about 4% on Wednesday to post a new 52-week low of $28.20 against a 52-week high of $38.93. The stock closed at $28.55 on Tuesday night. Volume was about equal to the daily average of around 8.8 million shares traded. The company had no specific news today.
Endologix Inc. (NASDAQ: ELGX) dropped around 22% on Wednesday to post a new 52-week low at $8.42 after closing at $8.77 on Tuesday. The stock’s 52-week high is $18.07. Share volume was more 6 times the daily average of around 940,000. The company priced an offering of convertible notes this morning. Shares are on track to finish the day up more than 2.5%.
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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.