Sears, Exelixis Fall into Tuesday’s 52-Week Low Club

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August 21, 2018: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 1.82 to 1, and on the Nasdaq, advancers led decliners by about 2.69 to 1.

SeaChange International Inc. (NASDAQ: SEAC) traded down about 52% Tuesday to set a new 52-week low of $1.38. Shares closed at $2.90 on Monday, and the 52-week high is $4.03. Volume was about 48 times the daily average of around 100,000. The company warned that quarterly results will be worse than expected.

Exelixis Inc. (NASDAQ: EXEL) traded down about 4.4% Tuesday to post a new 52-week low of $16.92 after closing Monday at $17.69. The stock’s 52-week high is $32.50. Volume was 25% below the daily average of about 4.2 million shares. The company had no specific news and shares have recovered enough to get on track for a daily gain of around 1%.

Sears Holdings Corp. (NASDAQ: SHLD) traded down about 2.4% Tuesday and posted a new 52-week low of $1.20 after closing Monday at $1.23. The stock’s 52-week high is $9.63. Volume was about slightly above the daily average of around 1.5 million. The company had no specific news and shares look set to close with a gain of more than 1%. We are watching to see which of Sears or JC Penney will be the first to become a penny stock. https://247wallst.com/retail/2018/08/20/will-jc-penney-or-sears-become-a-penny-stock-first/

Adamis Pharmaceuticals Corp. (NASDAQ: ADMP) dropped about 6.4% Tuesday to set a new 52-week low of $2.20. Shares closed at $2.35 on Monday and the stock’s 52-week high is $5.85. Volume totaled around 1.3 million, about 60% above the daily average. The company had no specific news.