Celgene, Campbell’s Soup Drop into Monday’s 52-Week Low Club

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May 21, 2018: Here are four stocks trading with heavy volume among 66 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 2.31 to 1 and on the Nasdaq, advancers led decliners by about 1.51 to 1.

Celgene Corp. (NASDAQ: CELG) dropped about 5.6% Monday to post a new 52-week low of $74.13. Shares closed at $78.37 on Friday and the stock’s 52-week high is $147.17. Volume of around 16.3 million shares was more than double the daily average.The company was one of several named last week in an FDA report of drugmakers who may be illegally blocking delaying access to cheaper generic copies of brand-name drugs. Then today, word got out that the firm’s chief business development officer had retired in April.

Campbell Soup Co. (NYSE: CPB) fell by about 3.2% Monday to post a new 52-week low of $33.28 after closing at $34.37 on Friday. The 52-week high is $59.14. Volume of about 12 million was nearly four times the daily average of over 3 million. The company reported weak results Friday morning and the CEO unexpectedly stepped down. The effects are still rippling through the market.

Banco Santander SA (NYSE: SAN) traded down about 1% Monday to post a new 52-week low of $6.07 after closing Friday at $6.13. The stock’s 52-week high is $7.57. Volume was about 30% below the daily average of around 6.9 million shares. The Spanish bank had no specific news.

Teekay Tankers Ltd. (NYSE: TNK) traded down about 4.8% Monday and posted a new 52-week low of $0.95 after closing Friday at $1.05. The stock’s 52-week high is $2.20. Volume totaled around 3.8 million, about four times the daily average of around 950,000. The company had no specific news.