Deutsche Bank, Recro Pharma Drop into Thursday's 52-Week Low Club
May 24, 2018: Here are four stocks trading with heavy volume among 75 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 1.04 to 1 and on the Nasdaq, decliners led advancers by about 1.13 to 1.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell about 8.2% Thursday to post a new 52-week low of $0.45 after closing at $0.49 on Wednesday. The 52-week high is $38.86. Volume of more than 18 million was about 80% above the daily average of about 10.3 million. The company that owns MoviePass had no specific news again today, but shares continue to sink on their own.
Deutsche Bank AG (NYSE: DB) dropped about 6.9% Thursday to post a new 52-week low of $11.99. Shares closed at $12.88 on Wednesday and the stock’s 52-week high is $20.23. Volume of around 10 million shares was more than double the daily average.The bank is cutting thousands of jobs and some demands have been made to kick out the bank’s chairman.
Recro Pharma Inc. (NASDAQ: REPH) traded down about 60% Thursday to post a new 52-week low of $5.00 after closing Wednesday at $12.42. The stock’s 52-week high is $13.05. Volume was nearly 30 times the daily average of around 280,000 shares. The FDA rejected the company’s non-opioid pain-killing drug.
QuickLogic Corp. (NASDAQ: QUIK) traded down about 33% Thursday and posted a new 52-week low of $1.05 after closing Wednesday at $1.56. The stock’s 52-week high is $2.22. Volume totaled around 4.8 million, about 30 times the daily average of around 180,000. The company priced a secondary offering of 13.5 million units including 0.4 of a warrant at $1.15 per unit.