Gogo, Tesaro Drop into Wednesday's 52-Week Low Club
May 30, 2018: Here are four stocks trading with heavy volume among 67 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 4.3 to 1 and on the Nasdaq, decliners led advancers by about 2.54 to 1.
Banco Bradesco SA (NYSE: BBD) traded down about 1.5% Wednesday to post a new 52-week low of $7.71 after closing Tuesday at $7.83. The stock’s 52-week high is $13.18. Volume was about 10% above the daily average of around 9.2 million shares. The Brazilian bank had no specific news.
Gogo Inc. (NASDAQ: GOGO) fell about 13.3% Wednesday to post a new 52-week low of $4.55 after closing at $5.25 on Tuesday. The 52-week high is $14.76. Volume of about 3.2 million was over double the daily average of about 1.5 million. The WiFi supplier to airlines had no specific news Wednesday.
Tesaro Inc. (NASDAQ: TSRO) traded down more than 10% Wednesday and posted a new 52-week low of $44.51 after closing Tuesday at $49.63. The stock’s 52-week high is $168.92. Volume totaled around 3 million, approaching three times the daily average of around 1.1 million. European banks were hit hard by events in Italy, but Santander had no specific news.
Celldex Therapeutics Inc. (NASDAQ: CLDX) dropped about 1.6% Wednesday to post a new 52-week low of $0.62. Shares closed at $0.63 on Tuesday and the stock’s 52-week high is $3.26. Volume of around 3.1 million shares was roughly equal to the daily average.The company had no specific news.