Investing
Otonomy, Mondelez Drop into Wednesday's 52-Week Low Club
Published:
Last Updated:
August 30, 2017: Here are four stocks trading with heavy volume among 94 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by about 9 to 5.
Otonomy Inc. (NASDAQ: OTIC) dropped more than 83% Wednesday to post a new 52-week low of $3.45 after closing Tuesday at $20.80. The 52-week high is $21.15. Volume of around 42 million shares traded was more than 20 times the daily average. The company’s late-stage trial of its treatment for patients with Ménière’s disease missed its primary endpoint and further development has been called off.
General Electric Co. (NYSE: GE) dropped about 1.2% Wednesday to register a new 52-week low of $24.15 after closing at $24.44 on Tuesday. The 52-week high is $32.38. Volume was around 27 million, about 30% below the daily average. The company had no specific news.
Mondelez International Inc. (NASDAQ: MDLZ) posted a new 52-week low of $40.39 on Wednesday, down about 3.6% from Tuesday’s closing price of $41.89. The stock’s 52-week high is $47.23. Volume totaled around 22 million shares, about three times the daily average. The company took a dive today when Warren Buffett said that Kraft Heinz was not interested in buying Mondelez.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) dropped about 2.9% Wednesday to post a new 52-week low of $15.32 after closing at $15.77 on Tuesday. The stock’s 52-week high is $52.66. Volume of around 15 million was about 10% below the daily average. The company had no specific news.
24/7 Wall St.Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
