Wells Fargo, Bristol-Myers Drop in on Monday’s 52-Week Low Club
October 3, 2016 by Paul AusickOctober 3, 2016: Here are four stocks trading with relatively heavy volume among 29 equities making new 52-week lows in Monday’s session.
Wells Fargo & Co. (NYSE: WFC) lost about 1.6% Monday to post a new 52-week low of $43.56 after closing Friday at $44.28. The 52-week high is $56.34. Volume of around 28 million was about 25% above the daily average of around 23 million shares traded. The company has become the target of plenty of political sniping, including a decision by the state of Illinois to suspend some $30 billion in investment activity with the bank.
Bristol-Myers Squibb Co. (NYSE: BMY) dropped about 0.7% on Monday to post a new 52-week low of $53.56 after closing at $53.92 on Friday. The stock’s 52-week high is $77.12. Volume was about half the daily average of around 11.7 million shares. The company had no specific news Monday.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) dropped about 1.2% on Monday to post a new 52-week low of $45.44 against a 52-week high of $66.55. Volume of about 6.6 million was less than 10% above the daily average of 6.2 million shares traded. The stock closed at $46.01 on Friday night. The drug maker’s stock sank on Friday and there are few reasons to anticipate a turnaround.
Mylan NV (NASDAQ: MYL)) dropped about 1.9% on Monday to post a new 52-week low of $37.41 against a 52-week high of $55.51. Volume of about 5.8 million was nearly equal to the daily average of around 6 million. The stock closed at $38.12 on Friday night. Consumer backlash and sharp political comments give investors plenty of reasons for caution here.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.