The 52-Week Low Club for Tuesday
March 22, 2016: Here are four stocks trading with relatively heavy volume among 21 equities making new 52-week lows in Tuesday’s session. AstraZeneca PLC (NYSE: AZN) dropped about 2.5% on Tuesday to post a new 52-week low at $27.68 after…
March 22, 2016: Here are four stocks trading with relatively heavy volume among 21 equities making new 52-week lows in Tuesday’s session.
AstraZeneca PLC (NYSE: AZN) dropped about 2.5% on Tuesday to post a new 52-week low at $27.68 after closing at $28.40 on Monday. The stock’s 52-week high is $36.69. Share volume of about 6.3 million was 30% higher than the daily average of around 4.8 million shares traded. The company’s stock was downgraded from Buy to Hold this morning at Jefferies.
Pepco Holdings Inc. (NYSE: POM) fell by about 3.3% on Tuesday to post a new 52-week low of $21.25 against a high of $27.34. The stock closed at $21.97 on Monday night. Volume rose to around 6.3 million shares, about 40% higher than the daily average of around 3.6 million shares traded. The utility company had no news on Tuesday.
Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) posted a new 52-week low on Tuesday. Shares traded at a low of $2.60, down about 6.8%, after closing at $2.79 on Monday. The stock’s 52-week high is $10.15. Volume approached double the daily average of around 2.3 million shares. The company also had no specific news Tuesday.
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Vivint Solar Inc. (NYSE: VSLR) dropped about 3% on Tuesday to post a new 52-week low of $3.26 against a 52-week high of $16.00. The stock closed at $3.36 on Monday night. Volume totaled about 2.7 million shares compared with the stock’s daily average volume of around 644,000. The solar installer announced this morning that it had closed a $200 million term credit facility.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
