Vodafone, Towerstream Slide into Monday’s 52-Week Low Club
November 28, 2016: Here are four stocks trading with relatively heavy volume among 28 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by nearly 2 to 1 and on the Nasdaq decliners led advancers…
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November 28, 2016: Here are four stocks trading with relatively heavy volume among 28 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by nearly 2 to 1 and on the Nasdaq decliners led advancers by about 2.5 to 1.
Vodafone Group plc (NASDAQ: VOD) dropped about 2.6% on Monday to post a new 52-week low of $24.54 against a 52-week high of $28.13 and a Friday close of $25.19. Volume of about 6.7 million was slightly above the daily average of around 6.3 million. The company had no specific news Monday.
Towerstream Corp. (NASDAQ: TWER) lost about 22.7% Monday to post a new 52-week low of $0.34 after closing Friday at $0.44. The 52-week high is $11.40. Volume of around 3.5 million was about 4 times the daily average of around 815,000 shares traded. The company also had no specific news.
Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) dropped 12.5% on Monday to post a new 52-week low of $0.35 after closing at $0.40 on Friday. The stock’s 52-week high is $7.95. Volume of about 3 million was more than double the daily average of around 1.2 million shares. No specific news from this drug maker either.
PDL BioPharma Inc. (NASDAQ: PDLI) dropped about 5.1% on Monday to post a new 52-week low of $2.41 after closing at $2.54 on Friday. The stock’s 52-week high is $4.02. Volume was about 25% above the daily average of around 1.9 million shares. The company had no specific news Monday.
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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.