Frontier Communications, Fossil Group Drop into Wednesday’s 52-Week Low Club
Frontier Communications, Fossil Group, Opko Health, and Amyris all posted new 52-week lows on Wednesday.
[cnxvideo id=”655420″ placement=”ros”]May 10, 2017: Here are four stocks trading with relatively heavy volume among 89 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by nearly 2 to 1 and on the Nasdaq advancers led decliners by about 5 to 4.
Frontier Communications Corp. (NASDAQ: FTR) dropped about 8.5% Wednesday to post a new 52-week low of $1.29 after closing Tuesday at $1.43. The 52-week high is $5.53. Volume of around 55 million shares was about 15% above the daily average of around 49 million. The company had no specific news.
Opko Health Inc. (NASDAQ: OPK) dropped about 11.7% Wednesday to post a new 52-week low of $6.65 after closing at $7.53 on Tuesday. The stock’s 52-week high is $12.15. Volume of more than 15 million was nearly 4 times the daily average of around 4 million shares traded. On Tuesday the company reported a first-quarter loss.
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Amyris Inc. (NASDAQ: AMRS) posted a new 52-week low of $0.31 on Wednesday, down about 6.5% compared with Tuesday’s closing price of $0.33. The stock’s 52-week high is $1.21. Volume totaled nearly 10 million shares, more than 3 times the daily average of 3.3 million. The company had no specific news.
Fossil Group Inc. (NASDAQ: FOSL) dropped nearly 25% Wednesday to post a new 52-week low of $13.65 after closing at $18.15 on Tuesday. The stock’s 52-week high is $36.87. Volume was more than 5 times the daily average of around 1.9 million shares. The company missed analysts’ expectations bigly this morning.
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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.