Treehouse Foods, Baker Hughes Sink into Thursday's 52-Week Low Club
February 15, 2018: Here are four stocks trading with heavy volume among 51 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by 2 to 1 and on the Nasdaq, advancers led decliners by more than 2 to 1.
Treehouse Foods Inc. (NYSE: THS) fell about 15.5% Thursday to post a new 52-week low of $36.35 after closing at $43.01 on Wednesday. The 52-week high is $90.42. Volume of about 4.8 million was more than four times the daily average. The food processing company posted poor results this morning and announced that it is closing one of its plants.
CYS Investments Inc. (NYSE: CYS) traded down 5.6% Thursday and posted a new 52-week low of $6.25 after closing Wednesday at $6.62. The stock’s 52-week high is $8.98. Volume was around 4.6 million, about three times the daily average. The reported earnings last night. The shares have reversed their drop and are on track to close flat for the day or maybe even up a little.
Baker Hughes, a GE company (NYSE: BHGE) traded down about 3.3% Thursday and posted a new 52-week low of $25.54 after closing Wednesday at $26.42. The stock’s 52-week high is $64.24. Volume was around 3.6 million, about 30% below the daily average of 5.3 million shares. The company had no specific news.
Tetraphase Pharmaceuticals Inc. (NASDAQ: TTPH) dropped about 2.3% Thursday to match a 52-week low of $2.10 set yesterday. Shares closed at $2.15 on Wednesday and the stock’s 52-week high is $9.93. Volume was around 3.3 million, more than four times the daily average of about 750,000. On Wednesday the company reported failing results on a phase 3 clinical trial. Shares have reversed the day’s low and are on track to close around $2.20, a gain of about 2.3% for the session.