Friday’s 52-Week Low Club Includes Seres Therapeutics, America Movil
July 29, 2016: Here are four stocks trading with relatively heavy volume among 32 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 2 to 1 and Nasdaq decliners and advancers traded about even. Seres…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
July 29, 2016: Here are four stocks trading with relatively heavy volume among 32 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 2 to 1 and Nasdaq decliners and advancers traded about even.
Seres Therapeutics Inc. (NASDAQ: MCRB) lost more than 77% Friday to post a new 52-week low of $8.05 versus a high of $52.00 after closing Thursday at $35.77. Volume totaled more than 35 million shares, about 140 times more than the daily average of about 288,000 shares. The company’s microbiome drug failed a mid-stage clinical trial.
America Movil SAB de CV (NYSE: AMX) dropped about 6.2% on Friday to post a new 52-week low of $11.02 after closing at $211.75 on Thursday. The stock’s 52-week high is $19.72. Volume was nearly 3 times the daily average of around 4.2 million shares. The Mexican telecom company posted profits that were 45% below last year’s level on Thursday night.
[nativounit]
Stericycle Inc. (NASDAQ: SRCL) dropped more than 22% on Friday to post a new 52-week low of $81.99 against a 52-week high of $151.57. Volume of around 9.3 million was more than 7 times the daily average of around 1.3 million. The stock closed at $105.93 on Thursday night. The medical waste management firm cut its forecasts and also said it had improperly recognized certain 2015 legal costs.
MDC Partners Inc. (NASDAQ: MDCA) dropped nearly 32% on Friday to post a new 52-week low of $12.38 against a 52-week high of $23.90. Volume of around 5 million was about 7 times the daily average of around 650,000. The stock closed at $18.19 on Thursday night. The owner of several advertising agencies reported plunging profits late Thursday.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.