July 18, 2016: Here are four stocks trading with relatively heavy volume among just 11 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by nearly 2 to 1 and Nasdaq advancers led decliners by about 5 to 4.
Evoke Pharma Inc. (NASDAQ: EVOK) lost about 78% Monday to post a new 52-week low of $2.37 versus a high of $11.11 after closing Friday at $10.73. Volume totaled more than 100 times the daily average of just 63,000 shares. The company’s phase 3 study of a diabetic drug for female patients missed its primary endpoint.
Autohome Inc. (NYSE: ATHM) slipped about 3.8% on Monday to post a new 52-week low of $19.32 after closing at $20.09 on Friday. The stock’s 52-week high is $45.45. Volume reached about 35% above the daily average of around 730,000 shares. The Beijing-based automobile information website had no specific news.
CVR Refining LP (NYSE: CVRR) fell by about 5.1% on Monday to post a new 52-week low of $5.91 against a high of $22.74. The stock closed at $6.23 on Friday night. Volume totaled about 50% more than the stock’s daily average of around 670,000. The company also had no specific news.
CVR Energy Inc. (NYSE: CVI) dropped about 3% on Monday to post a new 52-week low of $13.65 against a 52-week high of $48.37. Volume was about 20% below the daily average of around 750,000. The stock closed at $14.07 on Friday night. The oil refiner and fertilizer maker had no specific news, and is on track to close Monday’s trading up about 1.2%.
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