Synchronoss Technologies, Mattel Plop into Tuesday's 52-Week Low Club
September 19, 2017: Here are four stocks trading with heavy volume among 46 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 15 to 14 and on the Nasdaq advancers led decliners by just 23 issues.
Synchronoss Technologies Inc. (NASDAQ: SNCR) posted a new 52-week low of $9.95 on Tuesday, down about 41% from Monday’s closing price of $16.75. The stock’s 52-week high is $49.94. Volume totaled around 19 million shares, about 20 times the daily average. The company said this morning that takeover talks by private equity firm Siris Capital Group had ended without an agreement.
McEwen Mining Inc. (NYSE: MUX) dropped about 12% Tuesday to post a new 52-week low of $2.13 after closing at $2.43 on Monday. The stock’s 52-week high is $4.43. Volume of around 13 million was about five times the daily average. The Canada-based company reported last night that a syndicate of underwriters had agreed to purchase 18 million shares of common stock at $2.25 per share and warrants to acquire up to 9 million more.
Mattel Inc. (NASDAQ: MAT) dropped about 0.3% Tuesday to post a new 52-week low of $14.82 after closing at $14.87 on Monday. The 52-week high is $33.23. Volume was around 13 million, about double the daily average. The company had no specific news, but the announced bankruptcy of Toys R Us hurt the stock early in the session. Shares are now on track to post a gain of around 1.3% for the day.
Envision Healthcare Corp. (NYSE: EVHC) dropped about 9.3% Tuesday to post a new 52-week low of $43.22 after closing Monday at $47.67. The 52-week high is $74.75. Volume of around 10 million shares traded was about six times the daily average. The company had no specific news.