November 14, 2016: Here are four stocks trading with relatively heavy volume among 75 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by less than 100 issues and on the Nasdaq advancers led decliners by about 3 to 2.
Dynavax Technologies Corp. (NASDAQ: DVAX) lost about 72% Monday to post a new 52-week low of $3.20 after closing Friday at $11.60. The 52-week high is $29.86. Volume of around 27 million was more than 20 times the daily average of around 1.6 million shares traded. The shares collapsed after the company announced that an FDA request for more information on the company’s hepatitis B vaccine. https://a673b.bigscoots-temp.com/healthcare-business/2016/11/14/why-dynavax-shares-are-in-freefall/ .
Infosys Ltd. (NYSE: INFY) dropped more than 4% on Monday to post a new 52-week low of $13.91 after closing at $14.51 on Friday. The stock’s 52-week high is $20.47. Volume of about 10.6 million was more than double the daily average of around 5.1 million shares. The company announced Friday morning that it had invested in TidalScale, a start-up company that is developing software-defined server systems.
Nokia Corp. (NYSE: NOK) dropped about 3.2% on Monday to post a new 52-week low of $4.28 against a 52-week high of $7.55. Volume of about 10.8 million was about 10% below the daily average of around 11.7 million. The network equipment company had some minor positive news today, but clearly not enough to satisfy investors.
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Coty Inc. (NYSE: COTY) dropped about 4.2% on Monday to post a new 52-week low of $18.04 after closing at $18.66 on Friday. The stock’s 52-week high is $31.60. Volume was about 35% below the daily average of around 13 million shares. The cosmetics firm had no specific news.
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