Sears, Exelixis Drop into Monday’s 52-Week Low Club
October 15, 2018 by Paul AusickOctober 15, 2018: Here are four stocks trading with heavy volume among 212 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.57 to 1, and on the Nasdaq, advancers led decliners by about 1.25 to 1.
Sears Holdings Corp. (NASDAQ: SHLD) traded down about 7.3% Monday to post a new 52-week low of $0.28 after closing Friday at $0.41. The stock’s 52-week high is $6.79. Volume was more than six times the daily average of around 2.5 million shares. The venerable retailer finally filed for bankruptcy protection.
Laredo Petroleum Inc. (NYSE: LPI) dropped about 2.5% Monday to set a new 52-week low of $6.32. Shares closed at $6.48 on Friday and the stock’s 52-week high is $12.91. Volume was about 15% below the daily average of around 5 million. The company had no specific news. Shares have turned around and are on track for a daily gain of around 1%.
Weyerhaeuser Co. (NYSE: WY) traded down about 0.7% Monday to set a new 52-week low of $27.88 after closing at $28.08 on Friday. The stock’s 52-week high is $38.39. Volume was about equal to the daily average of around 3.8 million. The company had no specific news and shares were trading up about 0.3% for the day just ahead of the closing bell.
Exelixis (NASDAQ: EXEL) traded down about 4.7% Monday and posted a new 52-week low of $15.49 after closing Friday at $16.24. The stock’s 52-week high is $32.50. Volume was about 15% below the daily average of around 3.3 million. The company had no specific news.
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