The 52-Week Low Club for Thursday
November 5, 2015: Here are four stocks trading with heavy volume among 92 equities making new 52-week lows today.
Qualcomm Inc. (NASDAQ: QCOM) dropped about 17% on Thursday to post a new 52-week low of $49.92 against a high of $75.72. The stock closed at $60.26 on Wednesday night. Volume was about 5 times the daily average of around 11 million shares traded. The company reported earnings on Wednesday after markets close and offered a weak outlook.
Valeant Pharmaceuticals International Inc. (NYSE: VRX) posted a new low on Thursday. Shares dropped about 20% to a low of $73.32 from Wednesday’s closing price of $91.98. The stock’s 52-week high is $263.81. Volume was more than 6 times the daily average of around 8.8 million shares. The company continues to be slammed by demands for more transparency amid charges of price gouging.
FireEye Inc. (NASDAQ: FEYE) dropped more than 25% on Thursday to post a new 52-week low of $21.75 against a 52-week high of $55.33. The stock closed at $29.12 on Wednesday night. Volume was about 8 times the daily average of around 5 million shares traded. The cybersecurity company missed estimates last night and offered a disappointing outlook.
Avon Products Inc. (NYSE: AVP) dropped around 12% on Thursday to post a new 52-week low at $3.03 after closing at $3.45 on Wednesday. The stock’s 52-week high is $10.65. Share volume was more than double the daily average of around 10 million. The cosmetics firm missed estimates when it reported Q3 results this morning.