Skechers, Tobira Top Monday's 52-Week Low Club
July 25, 2016: Here are four stocks trading with heavy volume among 18 equities making new 52-week lows in Monday’s session. NYSE decliners led advancers by about 2 to 1 and Nasdaq decliners led advancers by about 5 to 4.
Skechers U.S.A. Inc. (NYSE: SKX) lost nearly 3.6% Monday to post a new 52-week low of $24.10 versus a high of $54.53 after closing Friday at $24.99. Volume totaled nearly 8 million shares, more than double the daily average of nearly 3 million shares. The sneaker company had no specific news Monday.
Tobira Therapeutics Inc. (NASDAQ: TBRA) dropped about 61% on Monday to post a new 52-week low of $4.40 against a 52-week high of $15.63. Volume of around 3 million was nearly 30 times the daily average of around 80,000. The stock closed at $11.25 on Friday night. The company reported that a phase IIb trial of a liver disease treatment failed to meet its primary endpoint.
Cameco Corp. (NYSE: CCJ) slipped 1.9% on Monday to post a new 52-week low of $10.15 after closing at $10.35 on Friday. The stock’s 52-week high is $14.79. Volume was 35% below the daily average of around 1.6 million shares. The Canada-based miner had no specific news, but low uranium prices continue to plague the company.
Ziopharm Oncology Inc. (NASDAQ: ZIOP) fell by around 1% on Monday to post a new 52-week low of $4.45 against a high of $14.93. The stock closed at $4.49 on Friday night. Volume was less than half the stock’s daily average of around 2.6 million. The company had no specific news Monday.