Teva, Vipshop Dive into Wednesday's 52-Week Low Club
August 23, 2017: Here are four stocks trading with heavy volume among 143 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 15 to 14 and on the Nasdaq decliners led advancers by about the same margin.
Teva Pharmaceuticals Industries Inc. (NYSE: TEVA) posted a new 52-week low of $16.45 on Wednesday, down about 3.3% from Tuesday’s closing price of $17.01. The stock’s 52-week high is $53.96. Volume totaled around 17 million shares, about 15% above the daily average of around 15 million. The company had no specific news.
Vipshop Holdings Ltd. (NYSE: VIPS) dropped about 2.2% Wednesday to post a new 52-week low of $9.13 after closing at $9.34 on Tuesday. The stock’s 52-week high is $16.24. Volume of around 14 million was about double the daily average of about 7.3 million. The company had no specific news.
Whiting Petroleum Corp. (NYSE: WLL) dropped about 0.7% Wednesday to post a new 52-week low of $4.18 after closing Tuesday at $4.21. The 52-week high is $13.39. Volume of around 14 million shares traded was about 50% below the daily average of around 23 million. The company recovered its luster and is on track to close up about 6% for the day.
The Interpublic Group of Companies Inc. (NYSE: IPG) dropped about 2.5% Wednesday to register a new 52-week low of $19.57 after closing at $20.90 on Tuesday. The 52-week high is $25.71. Volume was around 12 million, about 3 times the daily average. The company had no specific news.