Dish Network, Opko Health Sink into Wednesday’s 52-Week Low Club
Ohr Pharmaceuticals, Opko Health, Dish Network, and Vereit all posted new 52-week lows on Wednesday.
January 17, 2018: Here are four stocks trading with heavy volume among 63 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by nearly 2 to 1 and on the Nasdaq, advancers led decliners by about the same ratio.
Ohr Pharmaceuticals Inc. (NASDAQ: OHRP) traded down about 3% Wednesday and posted a new 52-week low of $0.31 after closing Tuesday at $0.32. The 52-week high is $2.18. Volume was over 10 million, more than 4 times the daily average of around 2.4 million shares. The company had no specific news.
Opko Health Inc. (NASDAQ: OPK) dropped nearly 7% Wednesday to post a new 52-week low of $4.28 after closing at $4.60 on Tuesday. The stock’s 52-week high is $9.01. Volume was around 7.7 million, nearly double the daily average of around 4.3 million. The company had no specific news.
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Dish Network Corp. (NASDAQ: DISH) dropped nearly 6% Wednesday to post a 52-week low of $45.14 after closing at $47.99 on Tuesday. The 52-week high is $66.50. Volume was around 5.5 million, more than double the daily average. The company’s stock was downgraded by Morgan Stanley this morning.
VEREIT Inc. (NYSE: VER) fell about 0.1% Wednesday to post a new 52-week low of $7.33 after closing at $7.34 on Tuesday. The 52-week high is $9.12. Volume of about 6.1 million was roughly 35% below the daily average of around 9.3 million. The shopping center REIT had no specific news Wednesday.
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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.