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Oilfield Services Firm, Medical Diagnostics Firm in Thursday's 52-Week Low Club
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September 22, 2016: Here are three stocks trading with relatively heavy volume among just six equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by about 4 to 1 and Nasdaq advancers led decliners by about 3 to 1.
SAExploration Holdings Inc. (NASDAQ: SAEX) lost about 8.3% Thursday to post a new 52-week low of $6.33 after closing Wednesday at $6.90. The 52-week high is $405.00. Volume of around 6.1 million was nearly 20 times the daily average of around 340,000. The oilfield services company had no specific news. The company split its stock in late July in a 1-for-135 transaction.
Great Basin Scientific Inc. (NASDAQ: GBSN) dropped about 15% on Thursday to post a new 52-week low of $2.90 after closing at $3.42 on Wednesday. The stock’s 52-week high is $45,024.00. Volume was more than 3 times the daily average of around 150,000 shares. The medical diagnostics company had no specific news Thursday. Since mid-March the company has split the stock twice: the first was a 1-for-35 split and the second a 1-for-80 split.
Noodles & Co. (NASDAQ: NDLS) dropped about 5.5% on Thursday to post a new 52-week low of $5.18 against a 52-week high of $14.952. Volume of around 390,000 was more than double the daily average of 160,000 shares traded. The stock closed at $5.48 on Wednesday night. The fast-casual restaurant chain had no specific news.
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