February 12, 2016: Here are four stocks trading with heavy volume among 176 equities making new 52-week lows today.
Pandora Media Inc. (NYSE: P) dropped about 22% on Friday to post a new 52-week low at $7.10 after closing at $9.09 on Thursday. The stock’s 52-week high is $22.60. Share volume totaled nearly 4 times the daily average of around 8.8 million shares traded. The Internet radio company reported slowing user growth and indicated that it may make more acquisitions this year. Shareholders didn’t like either.
Icici Bank Ltd. (NYSE: IBN) posted a new 52-week low on Friday. Shares traded at a low of $5.44, down about 1.8%, after closing at $5.54 on Thursday. The stock’s 52-week high is $11.89. Volume totaled nearly double the daily average of around 11 million shares. The India-based bank had no specific news today.
FireEye Inc. (NASDAQ: FEYE) fell by about 8.5% on Friday to post a new 52-week low of $11.35 against a high of $55.33. The stock closed at $12.41 on Thursday night. Volume rose to about 10.5 million, roughly double the daily average of about 5.3 million shares traded. The Internet security provider posted a loss on Thursday, and missed revenue expectations as well.
Calpine Corp. (NYSE: CPN) dropped about 12.7% on Friday to post a new 52-week low of $11.53 against a 52-week high of $23.51. The stock closed at $13.21 on Thursday night. Volume reached more than 11 million shares, about double the stock’s daily average volume of around 5 million. The wholesale electricity supplier this morning posted a reported loss on lower revenue, but saw higher earnings on an adjusted basis.
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