Southern Company, Orchid Capital Drop into Thursday’s 52-Week Low Club

January 11, 2018 by Paul Ausick

January 10, 2018: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by more than 3 to 1 and on the Nasdaq, advancers led decliners by the same margin.

Ohr Pharmaceuticals Inc. (NASDAQ: OHRP) dropped more than 11% Thursday to post a new 52-week low of $0.31 after closing at $0.35 on Wednesday. The stock’s 52-week high is $2.18. Volume was around 5.5 million, more than double the daily average of around 2.3 million. The company had no specific news.

Orchid Island Capital Inc. (NYSE: ORC) fell about 9.7% to post a new 52-week low of $7.85 Thursday after closing at $8.69 on Wednesday. The 52-week high is $12.60. Volume of about 5.2 million was nearly 5 times the daily average of around 1.1 million. The company lowered its monthly dividend by 3 cents last night.

The Southern Co. (NYSE: SO) traded down about 1.9% Thursday and posted a new 52-week low of $45.08 after closing Wednesday at $45.96. The 52-week high is $53.51. Volume was about 5.4 million, about 15% above the daily average of around 4.8 million shares. The company had no specific news Thursday.

Colony NorthStar Inc. (NYSE: CLNS) dropped about 2.4% Thursday to post a 52-week low of $10.69 after closing at $10.95 on Wednesday. The 52-week high is $14.92. Volume was around 5.3 million, nearly double the daily average. The company had no specific news.

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