February 1, 2016: Here are four stocks trading with heavy volume among 96 equities making new 52-week lows today.
Gilead Sciences Inc. (NASDAQ: GILD) dropped about 0.9% on Monday to post a new 52-week low of $82.28 against a 52-week high of $123.37. The stock closed at $83.00 on Friday night. Volume reached about 14 million shares, about 50% above the stock’s daily average volume of around 9.9 million. The drugmaker reports fourth-quarter results tomorrow, and the stock is still being affected by concerns over its hepatitis C treatment.
Icici Bank Ltd. (NYSE: IBN) dropped about 3.8% on Monday to post a new 52-week low at $6.40 after closing at $6.65 on Friday. The stock’s 52-week high is $12.08. Share volume totaled more than 10 million shares compared with the daily average of around 9.33 million shares traded. The India-based bank had no specific news today.
CarMax Inc. (NYSE: KMX) posted a new 52-week low on Monday. Shares traded at a low of $41.28, down about 6.6%, after closing at $44.18 on Friday. The stock’s 52-week high is $75.40. Volume of nearly 5 million represented a jump of about 65% above the daily average of around 3 million shares. The used-car retailer announced its succession plan for CEO Tom Folliard who plans to retire before the end of 2016.
Discover Financial Services (NYSE: DFS) fell by about 2.5% on Monday to post a new 52-week low of $44.65 against a high of $61.50. The stock closed at $45.79 on Friday night. Volume rose to around 4.7 million, about 30% more than the daily average of 3.6 million shares traded. The credit card issuer had no specific news today.