May 9, 2016: Here are four stocks trading with relatively heavy volume among 43 equities making new 52-week lows in Monday’s session. NYSE decliners led advancers by about 5 to 4 while Nasdaq advancers led decliners by a similar margin.
LendingClub Corp. (NYSE: LC) dropped by about 27.5% on Monday to post a new 52-week low at $5.14 after closing at $7.10 on Friday. The stock’s 52-week high is $19.48. Daily volume rose to nearly 12 times the average of about 6.7 million shares. The online lender replaced its CEO this morning and delayed the release of its official quarterly report by up to a week.
Seagate Technology plc (NASDAQ: STX) fell by about 1.9% on Monday to post a new 52-week low of $18.71 against a high of $57.88. The stock closed at $19.07 on Friday night. Volume was about equal to the stock’s daily average of around 7 million. The company had no specific news Monday, but a weekend story in Barron’s was really down on the stock.
HollyFrontier Corp. (NYSE: HFC) dropped about 6.8% on Monday to post a new 52-week low of $27.84 against a 52-week high of $54.73. The stock closed at $29.88 on Friday night. Volume was about 40% higher than the stock’s daily average volume of around 2.8 million shares. The oil refining company had no specific news on Monday.
Western Digital Corp. (NASDAQ: WDC) posted a new 52-week low on Monday. Shares traded at a low of $36.60, down about 1.8%, after closing at $37.27 on Friday. The stock’s 52-week high is $99.76. Volume was about 40% below the daily average of around 6 million shares. The other major hard drive maker had no specific news on Monday.
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