February 29, 2016: Here are four stocks trading with heavy volume among 30 equities making new 52-week lows today.
Endo International plc (NASDAQ: ENDP) dropped about 22% on Monday to post a new 52-week low of $41.03 against a 52-week high of $96.58. The stock closed at $52.94 on Friday night. Volume rose to more than 17 million shares, about 3 times the stock’s daily average volume of around 3.7 million. The Dublin, Ireland-based specialty drug maker will close its women’s health division by the end of March after failing to find a buyer for the division which has been troubled by lawsuits related to vaginal mesh products.
Ocwen Financial Corp. (NYSE: OCN) posted a new 52-week low on Monday. Shares traded at a low of $3.94, down about 36%, after closing at $6.15 on Friday. The stock’s 52-week high is $11.82. Volume totaled about 4 times the daily average of around 2.4 million shares. The financial firm missed revenue estimates Monday morning and also posted a net loss.
United Natural Foods Inc. (NASDAQ: UNFI) fell by about 24% on Monday to post a new 52-week low of $29.76 against a high of $83.91. The stock closed at $39.25 on Friday night. Volume rose to about 7.3 million, more than 7 times the daily average of about 960,000 shares traded. The company released preliminary results this morning that were short of estimates and also announced a $217.5 million acquisition.
American International Group Inc. (NYSE: AIG) dropped by about 1.7% on Monday to post a new 52-week low at $50.22 after closing at $51.09 on Friday. The stock’s 52-week high is $64.93. Share volume totaled about 20% less than the daily average of 10.2 million shares traded. The multinational insurer settled a $2 billion lawsuit with Coventry First related to AIG affiliate Lavastone Capital LLC. No dollar amount was disclosed.
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
