The 52-Week Low Club for Monday
April 25, 2016: Here are four stocks trading with relatively heavy volume among 13 equities making new 52-week lows in Monday’s session. NYSE declining stocks led advancers by about 7 to 3 while Nasdaq decliners led advancers by less than 2 to 1 in the day’s trading.
Perrigo Company plc (NYSE: PRGO) fell by about 17.8% on Monday to post a new 52-week low of $99.72 against a high of $200.96. The stock closed at $121.35 on Friday night. Volume totaled more than 24 million shares, about 12 times its daily average. The company’s CEO has resigned and taken the job as CEO of Valeant. This change was rumored last week.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) dropped about 2.2% on Monday to post a new 52-week low at $8.11 after closing at $8.29 on Friday. The stock’s 52-week high is $11.81. Share volume of million was about double the daily average of about 4 million shares traded. The Swedish electronics maker reported weak quarterly revenues last week and the sell-off continues.
The Habit Restaurants Inc. (NASDAQ: HBT) posted a new 52-week low on Monday. Shares traded at a low of $16.65, down about 4.9%, after closing at $17.50 on Friday. The stock’s 52-week high is $40.50. Volume totaled 50% above the daily average of around 400,000 shares. The fast-casual restaurant operator had no specific news Monday.
The Liberty Media Group (NASDAQ: LMCA) dropped about 3% on Monday to post a new 52-week low of $18.16 against a 52-week high of $42.22. The stock closed at $18.72 on Friday night. Volume was about half the stock’s daily average volume of around 1 million shares. The company also had no specific news on Monday.