Sprint, Southern Company Slip into Tuesday’s 52-Week Low Club

January 23, 2018 by Paul Ausick

January 23, 2018: Here are four stocks trading with heavy volume among 31 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by more than 3 to 2 and on the Nasdaq, advancers led decliners by about 4 to 3.

Sprint Corp. (NYSE: S) traded down about 4.1% Tuesday and posted a new 52-week low of $5.10 after closing Monday at $5.32. The 52-week high is $9.65. Volume was over 20 million, about 10% above the daily average of 18 million shares. The company had no specific news.

The Southern Company (NYSE: SO) dropped about 2% Tuesday to post a 52-week low of $43.16 after closing at $44.04 on Monday. The 52-week high is $53.51. Volume was around 7.3 million, about 35% higher than the daily average. The company had no specific news.

Pandora Media Inc. (NYSE: P) dropped nearly 1% Tuesday to match a 52-week low of $4.09 after closing at $4.13 on Monday. The stock’s 52-week high is $13.72. Volume was about 6.5 million, about 40% below the daily average of around 11.3 million. The music streaming company had no specific news.

Obalon Therapeutics Inc. (NASDAQ: OBLN) tumbled about 28% Tuesday to post a new 52-week low of $3.72 after closing at $5.19 on Monday. The 52-week high is $13.18. Volume of about 4.3 million was roughly 40 times the daily average of around 110,000 shares traded. The company terminated an announced secondary offering following allegations of improper accounting practices.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.