MGIC, Tupperware Slide into Tuesday's 52-Week Low Club
April 10, 2018: Here are four stocks trading with heavy volume among 62 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by more than 3 to 1 and on the Nasdaq, advancers led decliners by nearly 4 to 1.
MGIC Investment Corp. (NYSE: MTG) traded down about 5.2% Tuesday to post a new 52-week low of $10.07 after closing Monday at $10.62. The stock’s 52-week high is $16.21. Volume was more than three times the daily average of around 3.6 million shares. The company had no specific news Tuesday. About half an hour before the closing bell the stock traded up about 2% for the day.
vTv Therapeutics Inc. (NASDAQ: VTVT) dropped about 79% Tuesday to post a new 52-week low of $0.69. Shares closed at $3.26 on Monday and the stock’s 52-week high is $8.40. Volume was about 30 times the daily average of around 205,000 shares. The company’s Alzheimer drug failed to meet the goals of a phase 3 study.
BRF SA (NYSE: BRFS) traded down about 1.1% Tuesday and posted a new 52-week low of $6.20 after closing Monday at $6.27. The stock’s 52-week high is $15.50. Volume totaled around 4.2 million, about a third higher than the daily average. The company had no specific news. Shares have recovered and are on track to post a gain of around 1.5% for the day.
Tupperware Brands Corp. (NYSE: TUP) fell by more than 12% Tuesday to post a new 52-week low of $41.60 after closing at $47.34 on Monday. The 52-week high is $74.36. Volume of about 3.6 million was more than four times the daily average. The company lowered its first-quarter guidance this morning.