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.
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.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
