JD.com, Exelixis Stumble into Monday’s 52-Week Low Club
JD.com, Turquoise Hills, Exelixis, and Floor & Decor Holdings all posted new 52-week lows Monday.
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September 17, 2018: Here are four stocks trading with heavy volume among 107 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 1.6 to 1, and on the Nasdaq, decliners led advancers by about 1.94 to 1.
JD.com Inc. (NYSE: JD) traded down about 6.6% Monday to set a new 52-week low of $25.33 after closing at $27.11 on Friday. The stock’s 52-week high is $50.68. Volume was about 40% above the daily average of around 17.7 million. The company had no specific news.
Turquoise Hill Resources Ltd. (NYSE: TRQ) traded down about 1.4% Monday and posted a new 52-week low of $2.11 after closing Friday at $2.14. The stock’s 52-week high is $3.59. Volume was about double the daily average of around 2.5 million. The company had no specific news. Shares are on track for a daily gain of about 0.5%.
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Exelixis Inc. (NASDAQ: EXEL) traded down about 6.8% Monday to post a new 52-week low of $15.82 after closing Friday at $16.97. The stock’s 52-week high is $32.50. Volume was about 10% above the daily average of around 4.3 million shares. The company had no specific news.
Floor & Decor Holdings Inc. (NYSE: FND) dropped about 3% Monday to set a new 52-week low of $33.61. Shares closed at $34.67 on Friday and the stock’s 52-week high is $58.28. Volume was more than double the daily average of around 1.2 million. The company priced a secondary offering of 10 million shares at $37.25 per share.
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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.