Bristol-Myers, Kimberly-Clark Join Monday’s 52-Week Low Club
October 24, 2016: Here are four stocks trading with relatively heavy volume among 36 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners…
October 24, 2016: Here are four stocks trading with relatively heavy volume among 36 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by about the same margin.
Bristol-Myers Squibb Co. (NYSE: BMY) dropped nearly 2% on Monday to post a new 52-week low of $49.04 against a 52-week high of $77.12. Volume of about 9.4 million was about 40% below the daily average of around 14.3 million. The stock closed at $50.02 on Friday night. The pharmaceuticals maker had no specific news.
DaVita Inc. (NYSE: DVA) lost about 5.5% Monday to post a new 52-week low of $57.58 after closing Friday at $60.96. The 52-week high is $78.94. Volume of about 5.1 million was nearly 3 times the daily average of about 1.8 million shares traded. The healthcare company had no specific news Monday.
Kimberly-Clark Corp. (NYSE: KMB) dropped about 4.8% on Monday to post a new 52-week low of $113.85 after closing at $119.58 on Friday. The stock’s 52-week high is $138.87. Volume was more than double the daily average of around 1.6 million shares. The company reported weak third-quarter results this morning.
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Opus Bank (NASDAQ: OPB) lost about 21% Monday to post a new 52-week low of $18.20 after closing Friday at $23.16. The 52-week high is $41.49. Volume of about 1.3 million was more than 6 times the daily average of around 200,000 shares traded. The bank reported a loss this morning.
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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.
