June 9, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Thursday’s session. NYSE decliners led advancers by about 3 to 2 while Nasdaq decliners led advancers by about 2 to 1.
Restoration Hardware Holdings Inc. (NYSE: RH) fell by more than 21% on Thursday to post a new 52-week low of $28.33 against a high of $106.49. The stock closed at $36.07 on Wednesday night. Volume topped 26 million shares, more than 12 times the stock’s daily average of around 2.1 million. The company posted dreadful quarterly results and cut its outlook in the bargain.
JD.com Inc. (NASDAQ: JD) dropped by about 2% on Thursday to post a new 52-week low at $20.82 after closing at $21.24 on Wednesday. The stock’s 52-week high is $38.00. Daily volume totaled around 16 million shares, nearly 10% above the average of around 14.5 million shares. The Chinese internet firm had no specific news Thursday.
Insmed Inc. (NASDAQ: INSM) dropped about 17% on Thursday to post a new 52-week low of $9.95 against a 52-week high of $28.66. The stock closed at $12.01 on Wednesday night. Volume was about 6 times the stock’s daily average volume of nearly 400,000 shares. The company on Wednesday withdrew a drug marketing application in Europe.
ProNAi Therapeutics Inc. (NASDAQ: DNAI) posted a fourth consecutivet 52-week low on Thursday. Shares traded at a low of $2.00, down 2%, after closing at $2.04 on Wednesday. The stock’s 52-week high is $33.75. Volume was more than 4 times the daily average of around 480,000 shares. The drug maker reported poor results in a cancer drug trial Monday morning and the sell-off is sputtering to a stop.