Goldcorp, Spark Therapeutics Tumble into Monday’s 52-Week Low Club
Spark Therapeutics, Goldcorp, Sprint, and Syros Pharmaceuticals all posted new 52-week lows Monday.
December 11, 2017: Here are four stocks trading with heavy volume among 75 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 8 to 7 and on the Nasdaq, decliners led advancers by about the same ratio.
Spark Therapeutics Inc. (NASDAQ: ONCE) dropped 44% Monday to post a new 52-week low of $41.06 after closing at $73.38 on Friday. The 52-week high is $91.75. Volume was around 13.5 million, nearly 30 times the daily average of about 480,000. The company’s hemophilia A drug posted disappointing trial results.
Sprint Corp. (NYSE: S) matched a 52-week low of $5.42 Monday, down 0.3% after closing at $5.44 on Friday. The 52-week high is $9.65. Volume was about 6.8 million, nearly 40% below the daily average of around 16.9 million shares. The company had no specific news.
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Goldcorp Inc. (NYSE: GG) dropped about 1.5% Monday to post a new 52-week low of $11.78 after closing at $11.96 on Friday. The 52-week high is $17.87. Volume was around 6.2 million, about equal to the daily average of around 6.4 million. The gold mining company had no specific news.
Syros Pharmaceuticals Inc. (NASDAQ: SYRS) dropped about 49% Monday to post a new 52-week low of $6.30 after closing at $12.37 on Friday. The stock’s 52-week high is $24.38. Volume of around 4.5 million was more than 20 times the daily average. The company’s leading new drug candidate posted disappointing trial results this morning.
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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.