Helios and Matheson, Tyson Foods Wallow in Monday’s 52-Week Low Club
Helios and Matheson, Tyson Foods, Amarin, and Western Digital all posted new 52-week lows Monday.
July 30, 2018: Here are four stocks trading with heavy volume among 133 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 1.14 to 1 and on the Nasdaq, decliners led advancers by about 1.2 to 1.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down more than 60% Monday and posted a new 52-week low of $0.78 after closing Friday at $2.00. The stock’s 52-week high is approximately $2.42 million (according to Yahoo Finance) following a 1-for-250 reverse stock split earlier this week. Volume totaled around 10 million, nearly 50 times the daily average. The company had to take an emergency loan of $5 million Friday in order to meet payments to theaters.
Amarin Corporation plc (NASDAQ: AMRN) traded down about 8.7% Monday to post a new 52-week low of $2.40 after closing Friday at $2.63. The stock’s 52-week high is $4.60. Volume was more than double the daily average of about 2.4 million shares. The company had no specific news.
[nativounit]
Tyson Foods Inc. (NYSE: TSN) traded down about 8.2% Monday to set a new 52-week low of $58.33. Shares closed at $63.56 on Friday, and the 52-week high is $84.65. Volume was nearly triple the daily average of around 2.1 million. The company warned on fiscal year profits this morning, citing tariff concerns.
Western Digital Corp. (NASDAQ: WDC) dropped about 2.2% Monday to set a new 52-week low of $69.53. Shares closed at $71.13 on Friday and the stock’s 52-week high is $106.96. Volume was about 20% above the daily average of around 3.9 million. The company reported earnings Thursday and that’s not long enough ago to fade from investors minds.
[recirclink id=482347]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.