March 21, 2016: Here are four stocks trading with relatively heavy volume among 7 equities making new 52-week lows in Monday’s session.
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped another 3.7% on Monday to post a new 52-week low at $25.99 after closing at $26.98 on Friday. The stock’s 52-week high is $263.81. Share volume of about 67 million was more than 5 times the daily average of around 13.4 million shares traded. The company said this morning that it will replace its CEO and that hedge fund investor Bill Ackman will get a seat on the drugmaker’s board. As the closing bell draws near shares are on track to add more than 6% for the day.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) fell by about 132.7% on Monday to post a new 52-week low of $15.11 against a high of $77.92. The stock closed at $17.51 on Friday night. Volume rose to around 800,000 shares, about 60% higher than the daily average of around 500,000 shares traded. The company, which pays royalties based on production from Alaska’s North Slope fields, is cutting the number of rigs in use from five to two.
Xerium Technologies Inc. (NYSE: XRM) posted a new 52-week low on Monday. Shares traded at a low of $5.42, down about 7%, after closing at $5.80 on Friday. The stock’s 52-week high is $18.93. Volume totaled about 60% above the daily average of around 95,000 shares. The company had no specific news Monday.
Regenxbio Inc. (NASDAQ: RGNX) dropped about 3.7% on Monday to post a new 52-week low of $11.19 against a 52-week high of $32.00. The stock closed at $11.62 on Friday night. Volume totaled just 75,000 shares compared with the stock’s daily average volume of around 82,000. The biotech firm had no specific news on Monday.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.