March 7, 2016: Here are four stocks trading with heavy volume among 12 equities making new 52-week lows today.
Celldex Therapeutics Inc. (NASDAQ: CLDX) posted a new 52-week low on Monday. Shares traded at a low of $3.70, down about 54.8%, after closing at $8.19 on Friday. The stock’s 52-week high is $32.82. Volume totaled about 7 times the daily average of around 2.9 million shares. The company said this morning that it is discontinuing the phase 3 trials of its brain tumor vaccine.
comScore Inc. (NASDAQ: SCOR) fell by more than 35% on Monday to post a new 52-week low of $26.22 against a high of $65.00. The stock closed at $40.71 on Friday night. Volume rose to about 8.5 million shares, more than 10 times the daily average of about 775,000 shares traded. The company said it is delaying it annual report filing due to potential accounting matters. It will also delay its investor day and suspend its stock buybacks.
NewLink Genetics Corp. (NASDAQ: NLNK) dropped about 2.4% on Monday to post a new 52-week low of $17.74 against a 52-week high of $58.73. The stock closed at $18.18 on Friday night. Volume rose to more than 800,000 shares, about 40% above the stock’s daily average volume of around half a million. The company had no specific news today.
24/7 Wall St.Heritage Insurance Holdings Inc. (NYSE: HRTG) dropped by about 4.3% on Monday to post a new 52-week low at $15.65 after closing at $16.35 on Friday. The stock’s 52-week high is $27.28. Share volume totaled more than 500,000, more than double the daily average of around 200,000 shares traded. The company had no specific news today, but the stock was downgraded on Friday from Buy to Hold at Sandler O’Neill.
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