March 10, 2016: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Thursday’s session.
J2 Global Inc. (NASDAQ: JCOM) posted a new 52-week low on Thursday. Shares traded at a low of $55.43, down about 22%, after closing at $70.99 on Wednesday. The stock’s 52-week high is $84.15. Volume totaled about 15 times the daily average of around 620,000 shares. The Internet services company was hammered following a blistering report from short seller Citron Research.
Unisys Corp. (NYSE: UIS) fell by about 8% on Thursday to post a new 52-week low of $7.33 against a high of $24.38. The stock closed at $7.97 on Wednesday night. Volume rose to nearly 9 million shares, about 15 times the daily average of about 600,000 shares traded. The priced a $190 million private convertible senior note offering late on Wednesday. The conversion price is about $9.76 per share, a premium of about 22.5% to last night’s closing price.
Endo International plc (NASDAQ: ENDP) dropped about 5.1% on Thursday to post a new 52-week low of $39.64 against a 52-week high of $96.58. The stock closed at $41.79 on Wednesday night. Volume rose to nearly 6.1 million shares, about 20% above the stock’s daily average volume of around 4.3 million. The company had no specific news.
RingCentral Inc. (NYSE: RNG) dropped by about 22% on Thursday to post a new 52-week low at $14.27 after closing at $18.25 on Wednesday. The stock’s 52-week high is $25.67. Share volume was nearly 4 times the daily average of around 730,000 shares traded. The software provider had no specific news.
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