Helios and Matheson, Gogo Plunge into Tuesday’s 52-Week Low Club

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May 8, 2018: Here are four stocks trading with heavy volume among 80 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 1.04 to 1 and on the Nasdaq, advancers led decliners by about 1.19 to 1.

AT&T Inc. (NYSE: T) dropped about 1.7% Tuesday to post a new 52-week low of $31.58. Shares closed at $32.14 on Monday and the stock’s 52-week high is $39.80. Volume of about 24 million shares was about 10% below the daily average. The company had no specific news.

Helios and Matheson Analytics, Inc. (NASDAQ: HMNY) fell by nearly 33% Tuesday to post a new 52-week low of $1.43 after closing at $2.11 on Monday. The 52-week high is $38.86. Volume of about 21 million was more than three times the daily average of about 6.6 million. The company said in an SEC filing this morning that it needs to raise more cash to prop up its MoviePass business.

Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) traded down about 70% Tuesday and posted a new 52-week low of $0.45 after closing Monday at $1.52 The stock’s 52-week high is $2.98. Volume totaled around 17.4 million, more than 30 times the daily average of around 550,000. The company announced earnings last night that were worse than expected.

Gogo Inc. (NASDAQ: GOGO) traded down more than 34% Tuesday to post a new 52-week low of $5.46 after closing Monday at $8.33. The stock’s 52-week high is $14.76. Volume was about 10 times the daily average of around 1.1 million shares. The in-flight WiFi provider had its credit rating downgraded and its outlook cut to negative this morning.

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