Biocept, Kimco Realty Tumble into Friday’s 52-Week Low Club
Biocept, Colony Northstar, Kimco Realty, and Pretium Resources all posted new 52-week lows on Friday.
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January 26, 2018: Here are four stocks trading with heavy volume among 44 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by around 8 to 7 and on the Nasdaq, advancers led decliners by almost 3 to 2.
Biocept Inc. (NASDAQ: BIOC) traded down nearly 42% Friday and posted a new 52-week low of $0.32 after closing Thursday at $0.55. The stock’s 52-week high is $2.76. Volume was over 15 million, more than 18 times the daily average of about 815,000 shares. The company priced a secondary stock offering this morning of 33.33 million units (one share plus one warrant) for $0.45 per unit. This is the company’s second such offering in two months.
Kimco Realty Corp. (NYSE: KIM) dropped 2.1% Friday to post a 52-week low of $15.85 after closing at $16.19 on Thursday. The 52-week high is $25.18. Volume was around 10.3 million, more than double the daily average. The company had no specific news.
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Colony NorthStar Inc. (NYSE: CLNS) dropped about 5.6% Friday to post a new 52-week low of $9.35 after closing at $9.90 on Thursday. The stock’s 52-week high is $14.74. Volume was around 8 million, more than double the daily average of around 3.6 million. The company had no specific news.
Pretium Resources Inc. (NYSE: PVG) fell nearly 11% Friday to post a new 52-week low of $7.42 after closing at $8.33 on Thursday. The 52-week high is $12.53. Volume of about 4.3 million was more than double the daily average of around 1.9 million shares traded. The shares opened at $7.54 and have added about 2.9% to that opening bid as the closing bell approaches.
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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.
