March 11, 2016: Here are four stocks trading with heavy volume among 16 equities making new 52-week lows in Friday’s session.
Celldex Therapeutics Inc. (NASDAQ: CLDX) posted a new 52-week low on Friday. Shares traded at a low of $3.42, down about 5.3%, after closing at $3.61 on Thursday. The stock’s 52-week high is $32.82. Volume totaled about 30% above the daily average of around 3.4 million shares. The company had no news Friday but continues to slip on the failed cancer vaccine trial.
BioDelivery Sciences International Inc. (NASDAQ: BDSI) fell by about 14.7% on Friday to post a new 52-week low of $2.90 against a high of $15.50. The stock closed at $3.40 on Thursday night. Volume rose to more than 3 million shares, about 3 times the daily average of about 1.1 million shares traded. The healthcare company reported earnings Thursday night that fell short of expectations.
DryShips Inc. (NASDAQ: DRYS) dropped about 37% on Friday to post a new 52-week low of $2.00 against a 52-week high of $22.25. The stock closed at $2.74 on Thursday night. Volume rose to nearly 2 million shares, about 6 times the stock’s daily average volume of around 270,00. The dry bulk shipping company effected a 1-for-25 reverse stock split Friday morning. Shares traded at around $0.14 prior to the reverse split.
24/7 Wall St.Lannett Company Inc. (NYSE: LCI) dropped by about 4.4% on Friday to post a new 52-week low at $21.11 after closing at $22.08 on Thursday. The stock’s 52-week high is $72.44. Share volume was nearly 30% higher than the daily average of around 820,000 shares traded. The company had no news Friday and was on track to close the trading session up about 1.5%.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.