April 1, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Friday’s session. Volume was light again Friday with advancers trailing losers by 4 points on the NYSE, while 59% of Nasdaq issuers traded higher.
Valeant Pharmaceuticals Inc. (NYSE: VRX) posted a new 52-week low on Friday. Shares traded at a low of $25.75, down about 2.1%, after closing at $26.30 on Thursday. The stock’s 52-week high is $263.81. Volume totaled nearly double the daily average of around 17 million shares. The stock turned around early iand is on track to close the day up more than 7%.
H&R Block Inc. (NYSE: HRB) dropped about 1.8% on Friday to post a new 52-week low of $25.94 against a 52-week high of $37.53. The stock closed at $26.42 on Thursday night. Volume was roughly equal to the stock’s daily average volume of around 3.3 million. The tax preparation company had no specific news Friday.
Anacor Pharmaceuticals Inc. (NASDAQ: ANAC) dropped about 2.7% on Friday to post a new 52-week low at $52.00 after closing at $53.45 on Thursday. The stock’s 52-week high is $156.93. Share volume of about 3.3 million was more than triple the daily average of around 1 million shares traded. The biotech firm priced $250 million in convertible notes and placed them privately. Like Valeant, the shares quickly bounced off their morning low and are on track to close up more than 5% for the day.
Barclays PLC (NYSE: BCS) fell by about 1.6% on Friday to post a new 52-week low of $8.62 against a high of $18.05. The stock closed at $8.62 on Thursday night. Volume rose to around 3 million shares, roughly 30% below the daily average. The bank had no specific news today and is on track to close right around the break-even line.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
