Autohome, ImmunoGen Lead Friday’s 52-Week Low Club
July 15, 2016: Here are four stocks trading with relatively heavy volume among just 11 equities making new 52-week lows in Friday’s session. Volumes only rose above 1 million for two of the losers. NYSE advancers led decliners by 5…
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July 15, 2016: Here are four stocks trading with relatively heavy volume among just 11 equities making new 52-week lows in Friday’s session. Volumes only rose above 1 million for two of the losers. NYSE advancers led decliners by 5 to 4 and Nasdaq advancers led decliners by the same margin.
Autohome Inc. (NYSE: ATHM) slipped about 6.9% on Friday to post a new 52-week low of $19.91 after closing at $21.38 on Thursday. The stock’s 52-week high is $45.61. Volume reached about double the daily average of around 750,000 shares. The Beijing-based automobile information website had no specific news.
ImmunoGen Inc. (NASDAQ: IMGN) lost about 2.2% to post a new 52-week low of $2.68 versus a high of $19.43. Volume totaled about 60% less than the daily average of nearly 2.3 million. The biotech firm had no specific news Friday.
Fibria Celulose SA (NYSE: FBR) fell by about 1.4% on Friday to post a new 52-week low of $6.35 against a high of $14.94. The stock closed at $6.44 on Thursday night. Volume totaled about half the stock’s daily average of around 1.6 million. The company also had no specific news.
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CVR Inc. (NYSE: CVI) dropped about 1.6% on Friday to post a new 52-week low of $13.86 against a 52-week high of $48.37. Volume was about 20% below the daily average of around 740,000. The stock closed at $14.09 on Thursday night. The oil refiner and fertilizer maker had no specific news Friday.
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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.