April 15, 2016: Here are four stocks trading with relatively heavy volume among 8 equities making new 52-week lows in Friday’s session. The day’s NYSE and Nasdaq decliners led advancers by about 5 to 4 again in Friday’s trading.
Seagate Technology PLC (NASDAQ: STX) dropped about 5.4% on Friday to post a new 52-week low of $25.67 against a 52-week high of $60.09. The stock closed at $27.11 on Thursday night. Volume was more than double to the stock’s daily average volume of around 6.3 million shares. The hard drive maker cut its sales forecast after reporting preliminary earnings Wednesday night.
H&R Block Inc. (NYSE: HRB) posted a new 52-week low on Friday. Shares traded at a low of $23.43, down about 4.3%, after closing at $24.02 on Thursday. The stock’s 52-week high is $37.53. Volume totaled about 20% below the daily average of around 3.6 million shares. The tax preparation company faces a threat from a recent piece of legislation introduced into the U.S. Senate that would revamp the country’s tax system and create a free, online tax prep and filing system.
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Cellectar Biosciences Inc. (NASDAQ: CLRB) fell by nearly 32% on Friday to post a new 52-week low of $2.08 against a high of $38.90. The stock closed at $3.05 on Thursday night. Volume totaled about 650,000 shares, more than 25 times the daily average of about 24,000. The company priced a public offering of common stock at $2.13 a share this morning.
SeaChange International Inc. (NASDAQ: SEAC) dropped about 1.9% on Friday to post a new 52-week low at $3.70 after closing at $3.77 on Thursday. The stock’s 52-week high is $7.93. Share volume of around 280,000 was nearly 35% higher than the daily average of about 220,000 shares traded. Shares turned around and are set to close the day with a small gain.
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