December 4, 2017: Here are four stocks trading with heavy volume among 49 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by 31 issues and on the Nasdaq, decliners led advancers by about 8 to 7.
Biolase Inc. (NASDAQ: BIOL) dropped about 44% Monday to post a new 52-week low of $0.28 after closing at $0.50 on Friday. The 52-week high is $1.90. Volume was around 7 million, about nearly 60 times the daily average of around 123,000. The dental laser company concluded an over-subscribed rights offering last Thursday.
GNC Holdings Inc. (NYSE: GNC) dropped about 6.5% Monday to post a new 52-week low of $5.04 after closing at $5.39 on Friday. The 52-week high is $14.64. Volume was around 7 million, more than double the daily average of around 2.7 million. The nutritional supplement firm cancelled a sale of senior notes and plans to explore other borrowing options to raise cash.
Finisar Corp. (NASDAQ: FNSR) posted a new 52-week low of $17.81 Monday, down about 7.5% after closing at $19.26 on Friday. The 52-week high is $36.85. Volume was about 6.4 million, nearly double the daily average of around 3.4 million shares. The optical technology company had no specific news.
Scorpio Tankers Inc. (NYSE: STNG) dropped 1 cent Monday to post a new 52-week low of $3.06 after closing at $3.07 on Friday. The stock’s 52-week high is $4.93. Volume of around 4.2 million about 5% above the daily average. The shipping firm priced a secondary offering of 30 million shares at $3.00 a share late last week.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.