December 9, 2016: Here are two stocks trading with relatively heavy volume among 20 equities making new 52-week lows in Friday’s session. On the NYSE, decliners led advancers by less than 100 issues and on the Nasdaq advancers led decliners by about 4 to 3.
Only two stocks making new lows traded more than 1 million shares today.
FitBit Inc. (NYSE: FIT) lost about 2.8% Friday to post a new 52-week low of $7.70 after closing Thursday at $7.92. The 52-week high is $30.96. Volume of around 8 million was about 20% below the daily average of around 10 million shares traded. The company had no specific news Friday.
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TETRA Technologies Inc. (NYSE: TTI) dropped about 13% on Friday to post a new 52-week low of $4.36 after closing at $5.01 on Thursday. The stock’s 52-week high is $8.58. Volume of about 14 million shares was nearly 14 times the daily average of 975,000. The company announced an underwritten secondary offering 19.4 million shares and warrants to purchase an addition 9.7 million shares. The units priced at $5.15.
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