September 12, 2016: Here are four stocks trading with relatively heavy volume among 56 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by more than 2 to 1 and Nasdaq advancers led decliners by the same margin.
The Kroger Co. (NYSE: KR) dropped about 2.6% on Monday to post a new 52-week low of $30.70 against a 52-week high of $42.75. Volume of around 16 million was about 60% more than the daily average of around 10 million. The stock closed at $31.51 on Friday night. The stock took a price target cut this morning from analysts at Deutsche Bank.
Geron Corp. (NASDAQ: GERN) lost about about 28% Monday to post a new 52-week low of $2.06 after closing Friday at $2.86. The 52-week high is $5.30. Volume of nearly 12 million was nearly 10 times the daily average of around 1.4 million. The company received very mixed results from two clinical trials this morning.
Bristol-Myers Squibb Co. (NYSE: BMY) dropped about 0.5% on Monday to post a new 52-week low of $55.02 after closing at $55.66 on Friday. The stock’s 52-week high is $77.12. Volume was around 20% below the daily average of around 10.8 million shares. The company had no specific news and turned around in the first half-hour of trading to point the stock to a gain of around 1% shortly before the closing bell.
Whole Foods Market Inc. (NASDAQ: WFM) dropped about 1.9% on Monday to post a new 52-week low of $28.06 against a 52-week high of $35.58. Volume of around 4.3 million was about 30% below the daily average of around 6.2 million. The stock closed at $28.60 on Friday night. The company had no specific news Monday, by grocery stores have had a tough week and times to not look to be improving. The grocery store chain had no specific news Monday.
