Investing

The 52-Week Low Club for Wednesday

Stock PriceOctober 21, 2015: Here are four stocks trading with heavy volume among 94 equities making new 52-week lows today.

Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped nearly 40% on Wednesday to post a new 52-week low of $88.50 against a high of $263.81. The stock closed at $146.74 on Tuesday night. Volume was about 20 times the daily average of around 3.8 million shares traded. The company was attacked Wednesday by short-seller Citron Research. The attack alleges that Valeant has committed fraud.

VMware Inc. (NYSE: VMW) dropped about 23% on Wednesday to post a new 52-week low of $52.72 against a 52-week high of $93.43. The stock closed at $68.76 on Tuesday night. Volume was about 8 times the daily average of around 2.4 million shares traded. The company took some downgrades today as prospects dim for growth.

Endo International plc (NASDAQ: ENDP) dropped nearly 22% on Wednesday to post a new 52-week low at $49.31 after closing at $62.83 on Tuesday. The stock’s 52-week high is $96.58. Share volume was nearly 8 times the daily average of around 2.9 million. The company was caught in the same storm that blew through Valeant, namely the use of specialty pharmacy services to sell the company’s drugs.

Supervalu Inc. (NYSE: SVU) posted a new low on Wednesday. Shares dropped about 8.7% to a low of $6.63 from Tuesday’s closing price of $7.21. The stock’s 52-week high is $12.00. Volume was more than 3 times the daily average of around 4 million. The grocery store chain missed on earnings and revenues when it reported second fiscal quarter results this morning.

ALSO READ: Countries With the Best (and Worst) Jobs

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.