Prothena, Akorn Plummet into Monday’s 52-Week Low Club
Prothena, Akorn, Procter & Gamble, and Philip Morris all posted new 52-week lows Monday.
April 23, 2018: Here are four stocks trading with heavy volume among XX equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 8 to n7 and on the Nasdaq, decliners led advancers by about 4 to 3.
Prothena Corp. plc (NASDAQ: PRTA) traded down 70% Monday to post a new 52-week low of $11.05 after closing Friday at $36.84. The stock’s 52-week high is $70.00. Volume was more than 20 times the daily average of around 580,000 shares. The company is stopping development on an amyloidosis treatment following a failed late-stage trial.
Akorn Inc. (NASDAQ: AKRX) fell by about 37% Monday to post a new 52-week low of $12.40 after closing at $19.70 on Friday. The 52-week high is $34.00. Volume of about 13.6 million was more than six times the daily average of about 2.1 million. The company’s proposed acquisition by Fresenius was cancelled by the buyer this morning.
[nativounit]
The Procter & Gamble Co. (NYSE: PG) dropped about 1.4% Monday to post a new 52-week low of $72.76. Shares closed at $73.80 on Friday and the stock’s 52-week high is $94.67. Volume was about equal to the daily average of around 10.7 million shares. The company had no specific news Monday.
Philip Morris International Inc. (NYSE: PM) traded down about 1.4% Monday and posted a new 52-week low of $83.10 after closing Friday at $84.27. The stock’s 52-week high is $123.55. Volume totaled around 9.3 million, about 130% above the daily average. The company had no specific news.
[recirclink id=458094]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
