Mannkind, Tesaro Can’t Escape Monday’s 52-Week Low Club

Photo of Paul Ausick
By Paul Ausick Updated Published
Mannkind, Tesaro Can’t Escape Monday’s 52-Week Low Club

© Geerati / Getty Images

August 6, 2018: Here are four stocks trading with heavy volume among 96 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.44 to 1 and on the Nasdaq, advancers led decliners by about 1.56 to 1.

Mannkind Corp. (NASDAQ: MNKD) traded down about 14.8% Monday to set a new 52-week low of $0.98. Shares closed at $1.15 on Friday, and the 52-week high is $6.96. Volume was more than double the daily average of around 2.2 million. The struggling biopharma firm reported weak earnings Thursday night and is still suffering the effects.

Tesaro Inc. (NASDAQ: TSRO) traded down about 5% Monday to post a new 52-week low of $25.62 after closing Friday at $26.97. The stock’s 52-week high is $136.45. Volume was about double the daily average of about 2.1 million shares. The company reported weaker-than-expected results last week.

[nativounit]

ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) traded down about 10.6% Monday and posted a new 52-week low of $13.60 after closing Friday at $15.22. The stock’s 52-week high is $41.20. Volume totaled around 4.4 million, about 70% above the daily average.

Diebold Nixdorf Inc. (NYSE: DBD) dropped about 10.7% Monday to set a new 52-week low of $6.25. Shares closed at $7.00 on Friday and the stock’s 52-week high is $23.50. Volume was more than double the daily average of around 1.8 million.

[recirclink id=484060]

[wallst_email_signup]

Photo of Paul Ausick
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.

Continue Reading

Top Gaining Stocks

MGM Vol: 27,683,097
CDW
CDW Vol: 3,240,293
DDOG Vol: 11,190,990
IT Vol: 2,031,591
DELL Vol: 20,848,965

Top Losing Stocks

FDX Vol: 2,399,340
CBOE Vol: 2,828,165
QCOM Vol: 21,186,645
CTRA Vol: 73,319,495
CEG Vol: 11,480,635