May 2, 2016: Here are four stocks trading with relatively heavy volume among 24 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by about 2 to 1 while Nasdaq advancers led decliners by about 3 to 2.
Seagate Technology PLC (NASDAQ: STX) dropped by about 7.2% on Monday to post a new 52-week low at $20.21 after closing at $21.77 on Friday. The stock’s 52-week high is $60.09. Share volume of was more than double the daily average of around 6.8 million shares traded. The hard drive maker received a Sell rating from J.P. Morgan this morning.
Molina Healthcare Inc. (NYSE: MOH) posted a new 52-week low on Monday. Shares traded at a low of $48.00, down about 7.3%, after closing at $51.76 on Friday. The stock’s 52-week high is $82.37. Volume totaled nearly 5 times the daily average of around 950,000 shares. The health insurer missed estimates on Friday and took a price target cut on Monday morning.
ImmunoGen Inc. (NASDAQ: IMGN) dropped about 8.5% on Monday to post a new 52-week low of $6.27 against a 52-week high of $19.43. The stock closed at $6.85 on Friday night. Volume was more than double the stock’s daily average volume of around 1 million shares. The biotech firm reported an earnings miss on Friday and the stock was downgraded Monday at RC Capital Markets.
Perrigo Company plc (NYSE: PRGO) fell by 1.9% on Monday to post a new 52-week low of $94.83 against a high of $200.96. The stock closed at $96.67 on Friday night. Volume totaled about 3 million shares, about 20% above the stock’s daily average. The company said on Monday that it’s generic version of a Valeant drug had been approved by the U.S. FDA.
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.
Why wait? Click here to get started today!
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.