GoPro, Axovant Sciences Plunge into Monday’s 52-Week Low Club
GoPro, Axovant Sciences, Dave & Buster's, and Francesca's Holdings all posted new 52-week lows Monday.
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January 8, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by less than 3 to 2 and on the Nasdaq, advancers and decliners finished roughly even.
GoPro Inc. (NASDAQ: GPRO) dropped about 33% Monday to post a new 52-week low of $5.04 after closing at $7.52 on Friday. The stock’s 52-week high is $11.89. Volume was around 55 million, nearly 14 times the daily average of around 4.6 million. The company cut its profit guidance this morning, among other bits of bad news for shareholders.
Axovant Sciences Ltd. (NASDAQ: AXON) plunged about 57% to post a new 52-week low of $2.31 Monday after closing at $5.37 on Friday. The 52-week high is $27.98. Volume of about 10.5 million was more than eight times the daily average of around 1.2 million. The company’s Alzheimer disease drug posted mixed, but most unsatisfying results.
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Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) traded down nearly 22% Monday and posted a new 52-week low of $44.00 after closing Friday at $56.37. The 52-week high is $73.48. Volume was about 7.5 million, more than six times the daily average of around 1.2 million shares. The company lowered fourth quarter guidance this morning.
Francesca’s Holdings Corp. (NASDAQ: FRAN) dropped about 4.5% Monday to post a 52-week low of $5.68 after closing at $5.95 on Friday. The 52-week high is $19.50. Volume was around 2.7 million, more than double the daily average. The specialty retailer lowered its fourth-quarter outlook last Friday and the investor walkaway continues.
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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.
