Exelixis, Lannett Topple into Monday's 52-Week Low Club
August 20, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 2.32 to 1, and on the Nasdaq, advancers led decliners by about 1.57 to 1.
Lannett Company Inc. (NYSE: LCI) traded down about 62% Monday to set a new 52-week low of $5.30. Shares closed at $13.5 on Friday, and the 52-week high is $30.35. Volume was about 25 times the daily average of around 620,000. The company lost a contract with a key distributor of its generic drugs.
Exelixis Inc. (NASDAQ: EXEL) traded down about 9.6% Monday to post a new 52-week low of $17.36 after closing Friday at $19.20. The stock’s 52-week high is $32.50. Volume was 75% above the daily average of about 4.1 million shares. The company had no specific news.
Scorpio Tankers Inc. (NYSE: STNG) traded down about 2.6% Monday and posted a new 52-week low of $1.85 after closing Friday at $1.90. The stock’s 52-week high is $4.18. Volume was about equal to the daily average of around 3.4 million. The company had no specific news., and shares are on their way to closing up about 9% for the day.
Public Joint-Stock Company Mobile Telesystems (NYSE: MBT)) dropped about 2.3% Monday to set a new 52-week low of $7.33. Shares closed at $7.50 on Friday and the stock’s 52-week high is $12.80. Volume totaled around 3 million, right in line with the daily average. The company had no specific news.