Iconix, PPL Corp. Slip into Tuesday’s 52-Week Low Club
PPL Corp., Iconix, Pacific Biosciences, and Zosano Pharma all posted new 52-week lows on Tuesday.
December 26, 2017: Here are four stocks trading with heavy volume among 35 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 4 to 3 and on the Nasdaq, advancers and decliners finished about even for the day.
PPL Corp. (NYSE: PPL) posted a 52-week low of $30.81 after closing Friday at $31.13. The 52-week high is $40.20. Volume was about 3.5 million, about 25% below the daily average of around 4.5 million shares. The electric utility company had no specific news.
Iconix Brand Group Inc. (NASDAQ: ICON) dropped about 3.8% Tuesday to post a new 52-week low of $1.28 after closing at $1.33 on Friday. The 52-week high is $10.80. Volume was around 1.1 million, less than half its daily average. The company had no specific news.
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Pacific Biosciences of California Inc. (NASDAQ: PACB) slipped about 5.6% to post a new 52-week low of $2.52 Tuesday after closing at $2.67 on Friday. Volume of about 910,000 was about 10% above the daily average. The company had no specific news.
Zosano Pharma Corp. (NASDAQ: ZSAN) dropped about 17% Tuesday to post a new 52-week low of $0.54 after closing at $0.65 on Friday. Volume was around 720,000, about 10% below the daily average of around 850,000. The company had no specific news.
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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.