Abercrombie, OvaScience Slide Into Thursday’s 52-Week Low Club
December 22, 2016: Here are four stocks trading with relatively heavy volume among 67 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers…
December 22, 2016: Here are four stocks trading with relatively heavy volume among 67 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers by about 9 to 5.
OvaScience Inc. (NASDAQ: OVAS) dropped about 56% on Thursday to post a new 52-week low of $1.32 against a 52-week high of $11.66 and a Wednesday close of $2.97. Volume of about 9.4 million was nearly 10 times the daily average of around 530,000. The fertility biotech firm laid off a third of its workforce and the CEO resigned after just six months on the job.
Abercrombie & Fitch Inc. (NYSE: ANF) dropped about 6.4% on Thursday to post a new 52-week low of $12.02 after closing at $12.84 on Wednesday. The stock’s 52-week high is $32.93. Volume of about 3.8 million shares totaled roughly 15% more than the daily average of about 3.4 million. The specialty retailer had no specific news.
Amicus Therapeutics Inc. (NASDAQ: FOLD) dropped about 6.2% on Thursday to post a new 52-week low of $4.41 after closing at $4.67 on Wednesday. The stock’s 52-week high is $9.99. Volume was about 25% above the daily average of around 3.5 million shares. The company had no specific news Thursday.
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Primero Mining Co. (NYSE: PPP) dropped about 1.4% Thursday to post a new 52-week low of $0.70after closing Wednesday at $0.71. The 52-week high is $2.73. Volume of around 2.8 million was about 40% more than the daily average of around 1.8 million shares traded. The company had no specific news.
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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.
