Eldorado Gold, Teekay Tankers Dip into Tuesday's 52-Week Low Club
February 20, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by roughly the same ratio.
Eldorado Gold Corp. (NYSE: EGO) fell about 3.6% Tuesday to post a new 52-week low of $1.08 after closing at $1.12 on Friday. The 52-week high is $3.78. Volume of about 5.6 million was about 30% below the daily average. The gold mining firm had no specific news.
Teekay Tankers Ltd. (NYSE: TNK) traded down about 4.3% Tuesday and posted a new 52-week low of $1.10 after closing Friday at $1.15. The stock’s 52-week high is $2.53. Volume was about equal to the daily average of 1.95 million shares. The shipping company had no specific news, but the demand for crude oil carriers is way down and all the shipping companies are suffering.
Tetraphase Pharmaceuticals Inc. (NASDAQ: TTPH) traded down about 3.3% Tuesday and posted a new 52-week low of $2.05 after closing Friday at $2.12. The stock’s 52-week high is $6.97. Volume was around 1.6 million, about double the daily average. The company had no specific news.
Ohr Pharmaceuticals Inc. (NASDAQ: OHRP) dropped nearly 13% Tuesday to post a new 52-week low of $0.24. Shares closed at $0.27 on Friday and the stock’s 52-week high is $2.18. Volume was around 1 million, about a third of the daily average of about 3.3 million. The company had no specific news Tuesday.