Investing

Snap, Akorn Dive into Monday's 52-Week Low Club

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October 1, 2018: Here are four stocks trading with heavy volume among 127 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.5 to 1, and on the Nasdaq, decliners led advancers by about 1.81 to 1.

Akorn Inc. (NASDAQ: AKRX) traded down more than 58% Monday and posted a new 52-week low of $5.39 after closing Friday at $12.98. The stock’s 52-week high is $33.63. Volume was more than 10 times the daily average of around 2.4 million. The company lost a court ruling related to an aborted acquisition by Fresenius.

Snap Inc. (NYSE: SNAP) traded down about 2.9% Monday to set a new 52-week low of $8.23 after closing at $8.48 on Friday. The stock’s 52-week high is $21.22. Volume was about 15% below the daily average of about 21.2 million. The company had no specific news.

Lloyd’s Banking Group plc (NYSE: LYG) traded down about 1% Monday to post a new 52-week low of $3.01 after closing Friday at $3.04. The stock’s 52-week high is $4.21. Volume was more than 3 times the daily average of around 5.3 million shares. The company had no specific news.

Rite Aid Corp. (NYSE: RAD) dropped about 5.5% Monday to set a new 52-week low of $1.21. Shares closed at $1.28 on Friday and the stock’s 52-week high is $2.55. Volume was about 10% below the daily average of around 14.1 million. The company had no specific news.

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