Investing

Fitbit, Vodafone Sink into Tuesday's 52-Week Low Club

November 29, 2016: Here are four stocks trading with relatively heavy volume among 39 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by fewer than 100 issues and on the Nasdaq decliners led advancers by just over 100 issues.

Fitbit Inc. (NYSE: FIT) lost about 2.4% Tuesday to post a new 52-week low of $8.20 after closing Monday at $8.40. The 52-week high is $34.68. Volume of around 7.1 million was about 30% below the daily average of around 1 million shares traded. The company had no specific news Tuesday.

Vodafone Group plc (NASDAQ: VOD) dropped about 0.1% on Tuesday to post a new 52-week low of $24.50 against a 52-week high of $28.13 and a Monday close of $24.53. Volume of about 5.2 million was about 15% below the daily average of around 6.4 million. The company had no specific news either.

Nivalis Therapeutics Inc. (NASDAQ: NVLS) dropped 60% on Tuesday to post a new 52-week low of $2.50 after closing at $6.25 on Monday. The stock’s 52-week high is $9.45. Volume of about 4.2million was about 60 times the daily average of around 75,000 shares. The company reported a failed mid-stage trial on its treatment for cystic fibrosis.

PDL BioPharma Inc. (NASDAQ: PDLI) dropped about 3.8% on Tuesday to post a new 52-week low of $2.31 after closing at $2.40 on Monday. The stock’s 52-week high is $3.95. Volume was about double the daily average of around 2 million shares. The company had no specific news Tuesday.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.