Investing
Bristol-Myers, Gilead Slide Into Tuesday's 52-Week Low Club
Published:
Last Updated:
October 11, 2016: Here are four stocks trading with relatively heavy volume among 69 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 7 to 1 and on the Nasdaq advancers led decliners by about 5 to 1.
Bristol-Myers Squibb Co. (NYSE: BMY) dropped about 0.6% on Tuesday to post a new 52-week low of $49.50 against a 52-week high of $77.12. Volume of about 21 million was more than 65% above the daily average of around 13 million. The stock closed at $49.81 on Monday night. The company’s disappointing trial of its Opdivo lung cancer treatment continues to plague the drugmaker.
Rent-A-Center Inc. (NASDAQ: RCII) lost nearly 38% Tuesday to post a new 52-week low of $8.00 after closing Monday at $12.88. The 52-week high is $26.26. Volume of nearly 11 million was about 15 times the daily average of less than 800,000 shares traded. The company warned of a third-quarter earnings miss when it reports results later this month.
Gilead Sciences Inc. (NASDAQ: GILD) dropped about 2.6% on Tuesday to post a new 52-week low of $73.56 after closing at $75.49 on Monday. The stock’s 52-week high is $111.11. Volume was about 10% below the daily average of around 10.5 million shares. The company had no specific news Tuesday.
Vodafone Group plc (NASDAQ: VOD) lost about 1.6% Tuesday to post a new 52-week low of $27.80 after closing Monday at $28.26. The 52-week high is $34.70. Volume of around 5.1 million was about 15% above the daily average of around 4.5 million shares traded. The company had no specific news.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.