April 21, 2016: Here are four stocks trading with relatively heavy volume among 14 equities making new 52-week lows in Thursday’s session. NYSE declining stocks led advancers by nearly 2 to 1 while Nasdaq decliners and advancers were about even in Thursday’s trading.
TransEnterix Inc. (NYSEMKT: TRXC) fell by about 73% on Thursday to post a new 52-week low of $1.28 against a high of $6.10. The stock closed at $4.74 on Wednesday night. Volume totaled more than 20 million shares, nearly 7 times its daily average. The FDA rejected the company’s surgical robot after markets closed Wednesday.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) dropped about 15.6% on Thursday to post a new 52-week low at $8.23 after closing at $9.75 on Wednesday. The stock’s 52-week high is $11.81. Share volume of around 12.6 million was more than 3 times the daily average of about 3.8 million shares traded. The Swedish electronics maker reported weak quarterly revenues this morning and the company’s ADRs were downgraded by BofA/Merrill Lynch.
24/7 Wall St.TrueBlue Inc. (NYSE: TBI) posted a new 52-week low on Thursday. Shares traded at a low of $19.72, down about 27%, after closing at $27.10 on Wednesday. The stock’s 52-week high is $31.50. Volume totaled about 11 times the daily average of around 300,000 shares. The staffing services company was downgraded by Baird Thursday morning.
Natural Grocers by Vitamin Cottage Inc. (NYSE: NGVC) dropped about 32% on Thursday to post a new 52-week low of $13.79 against a 52-week high of $28.67. The stock closed at $28.67 on Wednesday night. Volume was about 15 times the stock’s daily average volume of around 94,000 shares. The organic food and supplement grocer reported low earnings, cut its forecast, and the stock was downgraded by RBC Capital Markets.
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