Ericsson, Humana Top Tuesday’s 52-Week Low Club
July 19, 2016: Here are four stocks trading with relatively heavy volume among 16 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 3 to 2 and Nasdaq decliners led advancers by nearly 2 to…
July 19, 2016: Here are four stocks trading with relatively heavy volume among 16 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 3 to 2 and Nasdaq decliners led advancers by nearly 2 to 1.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) lost about 7.7% Tuesday to post a new 52-week low of $6.96 versus a high of $11.08 after closing Monday at $7.54. Volume totaled about double the daily average of about 4.4 million shares. The Sweden-based networking equipment maker reported lower-than-expected profits and revenues this morning.
Humana Inc. (NYSE: HUM) slipped about 6% on Tuesday to post a new 52-week low of $150.00 after closing at $159.64 on Monday. The stock’s 52-week high is $192.49. Volume reached about 5 times the daily average of around 1.5 million shares. The U.S. Department of Justice plans to block Humana’s takeover by Aetna.
Super Micro Computer Inc. (NASDAQ: SMCI) fell by more than 29% on Tuesday to post a new 52-week low of $18.60 against a high of $34.69. The stock closed at $26.34 on Monday night. Volume totaled about 18 times the stock’s daily average of around 670,000. The company slashed its outlook after reporting earnings.
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Ziopharm Oncology Inc. (NASDAQ: ZIOP) dropped nearly 12% on Tuesday to post a new 52-week low of $4.46 against a 52-week high of $14.93. Volume was about double the daily average of around 2.5 million. The stock closed at $4.99 on Monday night. The company reported the death of a patient included in a phase I study of a new treatment for certain types of cancer.
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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.