TrovaGene, Globalsat Plunge into Friday's 52-Week Low Club
June 8, 2018: Here are four stocks trading with heavy volume among 41 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 1.43 to 1 and on the Nasdaq, advancers led decliners by about 1.31 to 1.
TrovaGene Inc. (NASDAQ: TROV) fell more than 55% Friday to post a new 52-week low of $0.79 after closing at $1.77 on Thursday. The 52-week high is $19.56. Volume of around 11 million was nearly five times the daily average of about 230,000. The company announced a public offering of $18 million in stock and warrants priced at $1.00 for the unit.
Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 2% Friday and posted a new 52-week low of $0.49 after closing Thursday at $0.50. The stock’s 52-week high is $2.30. Volume totaled about 4.2 million, almost 20% below the daily average of around 5.4 million. The company had no specific news.
RPC Inc. (NYSE: RES) traded down about 8.2% Friday to post a new 52-week low of $13.91 after closing Thursday at $15.16. The stock’s 52-week high is $27.07. Volume was more than double the daily average of around 1.5 million shares. A Wednesday announcement of new capital spending sent investors to the exits.
Berry Global Group Inc. (NYSE: BERY) dropped about 0.7% Friday to post a new 52-week low of $46.36. Shares closed at $46.70 on Thursday and the stock’s 52-week high is $61.71. The company had no specific news.