The 52-Week Low Club for Thursday
April 13, 2016: Here are two stocks trading with relatively heavy volume among just 3 equities making new 52-week lows in Thursday’s session. The day’s decliners led advancers on both the NYSE and Nasdaq by about 5 to 4. Great…
April 13, 2016: Here are two stocks trading with relatively heavy volume among just 3 equities making new 52-week lows in Thursday’s session. The day’s decliners led advancers on both the NYSE and Nasdaq by about 5 to 4.
Great Basin Scientific Inc. (NASDAQ: GBSN) dropped nearly 20% on Thursday to post a new 52-week low of $2.52 against a 52-week high of $128.10 (adjusted for a 1-for-60 reverse stock split in December 2015). The stock closed at $3.13 on Wednesday night. Volume was roughly equal to the stock’s daily average volume of around 800,000. On Wednesday the company received a letter from Nasdaq stating that the company’s stock could be delisted if certain conditions aren’t met.
No other company that traded more than 100,000 shares posted a new low today.
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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.
