Office Depot, Dominion Energy Fall into Friday's 52-Week Low Club
April 13, 2018: Here are four stocks trading with heavy volume among 52 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 3 to 2 and on the Nasdaq, decliners led advancers by about 9 to 5.
EyeGate Pharmaceuticals Inc. (NASDAQ: EYEG) traded down about 21% Friday to post a new 52-week low of $0.30 after closing Thursday at $0.38. The stock’s 52-week high is $2.43. Volume was about 20 times the daily average of around 630,000 shares. The company priced a secondary offering of 35.2 million shares at $0.32 a share plus a warrant to purchase another share at the same price within 5 years. Investors stampeded to the exits.
Sphere 3D Corp. (NASDAQ: ANY) fell by more than 48% Friday to post a new 52-week low of $0.57 after closing at $1.10 on Thursday. The 52-week high is $7.25. Volume of about 5.3 million was more than 10 times the daily average. Another secondary stock offering. This time 3.3 million shares plus warrants at $0.70.
Office Depot Inc. (NASDAQ: ODP) dropped about 2% Friday to post a new 52-week low of $2.00. Shares closed at $2.04 on Thursday and the stock’s 52-week high is $6.26. Volume was about 40% below the daily average of around 5.3 million shares. The company had no specific news.
Dominion Energy Inc. (NYSE: D) traded down about 0.3% Friday and posted a new 52-week low of $63.89 after closing Thursday at $64.07. The stock’s 52-week high is $85.30. Volume totaled around 5 million, about a 40% above the daily average. The company had no specific news.