Iconix Brand Group Inc. (NASDAQ: ICON) dropped nearly 20% on Monday to post a new 52-week low of $25.713 against a high of $44.81. The stock closed at $32.031 on Friday night. Volume was nearly 15-times the daily average of around 1 million shares. The company’s COO resigned late Friday and the company said it will not replace him.
Ampio Pharmaceuticals Inc (NYSEMKT: AMPE) also posted a new 52-week low on Monday. Shares dropped about 72% to $2.49 from Friday’s closing price of $7.87. The stock’s 52-week high is $9.01. Volume is more than 20-times above the daily average of around 800,000 shares. The company’s pain drug from osteoarthritis failed to reach a primary endpoint in a late-stage study.
Michael Kors Holdings Ltd. (NYSE: KORS) dropped about 3.2% on Monday to post a new 52-week low of $61.22 after closing at $63.25 on Friday. The stock’s 52-week high is $98.96. Share volume was about a third higher than the daily average of around 3.37 million shares traded. The company received a downgrade from Buy to Neutral at Mizuho this morning.
Lexington Realty Trust (NYSE: LXP) dropped fractionally on Monday to post a new 52-week low of $9.49 after closing at $9.51 on Friday. The stock’s 52-week high is $11.75. Share volume was about 15% below the daily average of around 1.95 million shares shares traded. The REIT had no specific news today.
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