January 29, 2016: Here are four stocks trading with heavy volume among 119 equities making new 52-week lows today.
Gilead Sciences Inc. (NASDAQ: GILD) dropped about 5.8% on Friday to post a new 52-week low of $82.41 against a 52-week high of $123.37. The stock closed at $87.53 on Thursday night. Volume reached about 29 million shares, more than 3 times the stock’s daily average volume of around 9.4 million. Drugmaker Merck today launched a price war with Gilead, selling a hepatitis C treatment at a discount of 40% to Gilead’s Harvoni medication.
Discover Financial Services (NYSE: DFS) fell by 0.3% on Friday to post a new 52-week low of $44.68 against a high of $61.50. The stock closed at $44.83 on Thursday night. Volume rose to around 7 million, about double the daily average of around 3.5 million shares traded. The credit card issuer missed earnings estimates this morning.
First Data Corp. (NYSE: FDC) posted a new post-IPO low on Friday. Shares traded at a low of $12.50, down about 4.4%, after closing at $13.07 on Thursday. The stock’s post-IPO high is $17.99. Volume of nearly 8 million represented about two and a half times the daily average of around 3 million shares. The financial services firm had no specific news today.
TD Ameritrade Holding Corp. (NASDAQ: AMTD) dropped about 3.6% on Friday to post a new 52-week low at $26.37 after closing at $27.35 on Thursday. The stock’s 52-week high is $39.05. Share volume totaled more than 6 million shares compared with the daily average of around 3 million shares traded. The company had no specific news today.
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