PG&E, Teva Pharmaceuticals Dive into Friday’s 52-Week Low Club
October 13, 2017 by Paul AusickOctober 13, 2017: Here are four stocks trading with heavy volume among 64 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by less than 4 to 3 and on the Nasdaq decliners led advancers by about 8 to 7.
PG&E Corp. (NYSE: PCG) dropped about 13% Friday to post a new 52-week low of $56.13 after closing at $64.50 on Thursday. The 52-week high is $71.57. Volume was around 37 million, about 16 times the daily average of about 2.2 million. A report that the utility giant may be responsible for the wildfires in northern California decimated the stock Friday.
Teva Pharmaceutical Industries Inc. (NYSE: TEVA) dropped about 5.6% Friday to post a new 52-week low of $14.30 after closing at $15.15 on Thursday. The 52-week high is $44.49. Volume was around 34 million, about 45% above the daily average. The company had no specific news.
Vipshop Holdings Ltd. (NYSE: VIPS) dropped about 1.3% Friday to post a new 52-week low of $7.80 after closing at $7.90 on Thursday. The stock’s 52-week high is $15.49. Volume of around 16 million was nearly double the daily average. The company had no specific news.
3D Systems Corp. (NYSE: DDD) posted a new 52-week low of $11.78 on Friday, down about 10% from Thursday’s closing price of $13.11. The stock’s 52-week high is $23.78. Volume totaled around 7.7 million shares, more than three times the daily average. The company had no specific news.
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