Retailers Bon-Ton, Ross Stores Drop into Thursday's 52-Week Low Club
July 13, 2017: Here are four stocks trading with heavy volume among 60 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by less than 8 to 7 and on the Nasdaq, decliners led advancers by about the same ratio.
The Bon-Ton Stores Inc. (NASDAQ: BONT) dropped about 3.3% Thursday to post a new 52-week low of $0.31 after closing Wednesday at $0.32. The 52-week high is $1.98. Volume was around 10 million shares traded, about 100 times the daily average of around 100,000. The struggling retailer had no specific news.
Ross Stores Inc. (NASDAQ: ROST) dropped about 0.4% Thursday to post a new 52-week low of $53.89 after closing at $54.13 on Wednesday. Volume was about 4.8 million, around 30% higher than the daily average of about 3.2 million shares. The company had no specific news.
OpGen Inc. (NASDAQ: OPGN) posted a new 52-week low of $0.33 on Thursday, down more than 21% compared with Wednesday’s closing price of $0.42. The stock’s 52-week high is $4.65. Volume totaled around 4.8 million shares, more than 10 times the daily average. The company this morning priced a secondary offering of 25 million units at $0.40 per unit. Each unit comprised one share of common stock and one warrant to purchase another share within 5 years at an exercise price of $0.425.
Eldorado Gold Corp. (NYSE: EGO) dropped about 2% Thursday to post a new 52-week low of $2.38 after closing at $2.43 on Wednesday. The stock’s 52-week high is $5.00. Volume of about 3.3 million was less than half the daily average of around 8.3 million. The company had no specific news.