Valeant, QEP Resources Slide into Monday's 52-Week Low Club
April 17, 2017: Here are four stocks trading with relatively heavy volume among 75 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 11 to 4 and on the Nasdaq advancers led decliners by more than 2 to 1.
QEP Resources Inc. (NYSE: QEP) posted a new 52-week low of $11.21 on Monday, down about 2.4% compared with Thursday’s closing price of $11.48. The stock’s 52-week high is $21.12. Volume was about 10% below the daily average of around 3.8 million shares. The company had no specific news.
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 0.5% Monday to match a 52-week low of $9.43 after closing Thursday at $9.48. The stock’s 52-week high is $38.50. Volume of about 3.9 million shares was about 70% below the daily average of around 18.6 million. The company had no specific news Monday.
Vince Holding Corp. (NYSE: VNCE) dropped about 23% Monday to post a 52-week low of $0.95 after closing at $1.30 Thursday night. The stock’s 52-week high is $7.34. Volume was about 3 times the daily average of around 740,000 shares. The company announced last Friday (when markets were closed) that it would delay its fourth-quarter and full-year financials filing to on or before April 28.
New York Community Bancorp Inc. (NYSE: NYCB) dropped about 0.3% Monday to post a new 52-week low of $13.39 after closing at $13.43 on Thursday. The stock’s 52-week high is $17.68. Volume was less than half the daily average of around 5 million shares. The bank had no specific news Monday.