Fitbit, Himax Drop into Tuesday’s 52-Week Low Club
December 20, 2016: Here are four stocks trading with relatively heavy volume among 51 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 2 to 1 and on the Nasdaq advancers led decliners…
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December 20, 2016: Here are four stocks trading with relatively heavy volume among 51 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 2 to 1 and on the Nasdaq advancers led decliners by a similar margin.
Fitbit Inc. (NYSE: FIT) dropped about 0.9% on Tuesday to post a new 52-week low of $7.42 after closing at $7.49 on Monday. The stock’s 52-week high is $30.96. Volume was about equal to the daily average of around 10 million shares. The company had no specific news Tuesday.
Himax Technologies Inc. (NASDAQ: HIMX) dropped about 0.8% Tuesday to post a new 52-week low of $5.95 after closing Monday at $6.10. The 52-week high is $10.95. Volume of around 5.3 million was about 50% more than the daily average of around 3.9 million shares traded. The company had no specific news today.
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Primero Mining Corp. (NYSE: PPP) dropped about 5.4% on Tuesday to post a new 52-week low of $0.70 against a 52-week high of $2.73 and a Monday close of $0.74. Volume of about 3.4 million was more than 3 times the daily average of around 1.7 million. The company had no specific news Tuesday.
Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) dropped about 2.4% on Tuesday to post a new 52-week low of $1.22 after closing at $1.25 on Monday. The stock’s 52-week high is $8.22. Volume of about 2.2 million shares was about 30% above the daily average of about 1.6 million. The company had no specific news Tuesday.
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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.
