The 52-Week Low Club for Tuesday
November 3, 2015 by Paul AusickNovember 3, 2015: Here are four stocks trading with heavy volume among 26 equities making new 52-week lows today.
AMAG Pharmaceuticals Inc. (NASDAQ: AMAG) dropped nearly 31% on Tuesday to post a new 52-week low of $28.55 against a high of $77.73. The stock closed at $41.16 on Monday night. Volume was nearly 8 times the daily average of around 1 million shares traded. The company posed a Q3 loss and guided Q4 revenues down this morning.
Navios Maritime Partners LP (NYSE: NMM) posted a new low on Tuesday. Shares dropped about 28% to a low of $5.13 from Monday’s closing price of $7.14. The stock’s 52-week high is $16.53. Volume was about 8 times the daily average of around 500,000 shares. The dry bulk shipper posted poor earnings and revenues this morning.
NorthStar Realty Finance Corp. (NYSE: NRF) dropped 4.6% on Tuesday to post a new split-adjusted 52-week low of $19.10 against a 52-week high of $39.48. The stock closed at a split-adjusted $20.03 on Monday night. Volume was about 10% higher than the daily average of around 3.5 million shares traded. The completed a spin-off of its European division today and executed a 1-for-2 reverse stock split.
PRA Group Inc. (NASDAQ: PRAA) dropped around 17% on Tuesday to post a new 52-week low at $46.25 after closing at $55.76 on Monday. The stock’s 52-week high is $65.00. Share volume was about 9 times the daily average of around 432,000. The company had no specific news today.
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