Windstream, Gulfport Energy in Thursday’s 52-Week Low Club
Tandem Diabetes Care, Windstream, Gulfport Energy, and QEP Resources all posted new 52-week lows Thursday.
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[cnxvideo id=”655422″ placement=”ros”]March 23, 2017: Here are four stocks trading with relatively heavy volume among 71 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 2 to 1 and on the Nasdaq advancers led decliners by about 9 to 5.
Tandem Diabetes Care Inc. (NASDAQ: TNDM) dropped nearly 26% Thursday, to post a new 52-week low of $1.15 after closing at $1.55 on Wednesday. The stock’s 52-week high is $11.30. Volume was more than 20 times the daily average of around 290,000. The company announced an underwritten secondary offering of 18 million shares at $1.25 per share.
QEP Resources Inc. (NYSE: QEP) posted a new 52-week low of $11.84 on Thursday, down about 2.8% compared with Wednesday’s closing price of $12.18. Volume was about 15% above the daily average of around 3.6 million shares. The company had no specific news.
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Windstream Holdings Inc. (NASDAQ: WIN) dropped about 5% Thursday to post a new 52-week low of $5.61 after closing Wednesday at $5.91. The stock’s 52-week high is $10.46. Volume of about 3.5 million shares was 30% above the daily average of around 2.7 million. The company had no specific news but was swept up in a downgrade on Wednesday from analysts at Goldman Sachs.
Gulfport Energy Corp. (NASDAQ: GPOR) dropped about 2.7% Thursday, to post a new 52-week low of $15.67 after closing at $16.10 on Wednesday. The stock’s 52-week high is $34.67. Volume was about equal to the daily average of around 3.5 million shares. 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.
