MannKind Corp. (NASDAQ: MNKD) dropped more than 12% on Friday to post a new 52-week low of $3.52 against a 52-week high of $11.48. The stock closed at $4.02 on Thursday night. Volume was more than 3-times the daily average of around 5.2 million shares. The drug maker took a hit on a cut to the stock’s price target after earnings were announced last night.
Windstream Holdings Inc. (NASDAQ: WIN) dropped about 7.3% on Friday to post a new 52-week low of $9.11 after closing at $9.83 on Thursday. The stock’s 52-week high is $20.84. Share volume was about 10% higher than the daily average of around 8 million shares traded. The company reported earnings Thursday morning and even though the company beat estimates, shares have fallen for two straight days.
Summit Midstream Partners LP (NYSE: SMLP) dropped about 1.6% on Friday to post a new 52-week low of $30.27 after closing at $30.75 on Thursday. The stock’s 52-week high is $56.49. Share volume was 3-times the daily average of around 185,000 shares traded. The pipeline partnership priced an offering of 6.5 million common units at $30.75.
LendingClub Corp. (NYSE: LC) posted a new 52-week low on Friday. Shares dropped about 3.7% to $16.25 from Thursday’s closing price of $17.30. The stock’s post-IPO high is $29.29. Volume was about double the daily average of around 2.4 million shares. The company posted a smaller-than-expected first quarter loss on Wednesday and shares jumped more than 10% but have been sliding ever since.
ALSO READ: 15 Companies Losing the Most Money
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
