Rite Aid, DexCom Plunge into Thursday’s 52-Week Low Club

By Paul Ausick Updated Jan 12, 7:41AM EST · Published Sep 28, 4:04PM EDT

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

September 28, 2017: Here are four stocks trading with heavy volume among 41 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by more than 4 to 3 and on the Nasdaq advancers led decliners by about the same ratio.

Rite Aid Corp. (NYSE: RAD) dropped by 11.8% Thursday to establish a new 52-week low of $2.01 after closing at $2.28 on Wednesday. The 52-week high is $8.77. Volume of around 59 million shares traded was approaching double the daily average. The company reported weak sales this morning.

DexCom Inc. (NASDAQ: DXCM) posted a new 52-week low of $42.62 on Thursday, down about 37% from Wednesday’s closing price of $67.47. The stock’s 52-week high is $89.98. Volume totaled around 27 million shares, more than 25 times the daily average. The company’s stock tumbled following FDA approval of a blood-sugar monitoring system made by rival Abbott.

[nativounit]

Uniti Group Inc. (NASDAQ: UNIT) dropped about 2.3% Thursday to post a new 52-week low of $13.81 after closing at $14.13 on Wednesday. The 52-week high is $32.06. Volume was around 7.2 million, nearly 3 times the daily average. The company had no specific news.

SCANA Corp. (NYSE: SCG) dropped about 3.6% Thursday to post a new 52-week low of $49.37 after closing at $51.22 on Wednesday. The stock’s 52-week high is $74.99. Volume of around 3.6 million was nearly triple the daily average. The company was hit with a lawsuit late Wednesday accusing executives of misleading investors about progress on two new nuclear power generation plants it was building.

[recirclink id=415465]

[wallst_email_signup]

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google

About the Author Paul Ausick →

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.