Gogo, Tesaro Drop into Wednesday’s 52-Week Low Club

By Paul Ausick Updated Jan 11, 10:59PM EST · Published May 30, 4:04PM EDT

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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.

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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.

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About the Author Paul Ausick →

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.