Plug Power, Innocoll Drop into Friday's 52-Week Low Club

Investing

Published: December 30, 2016 4:04 pm

Last Updated: January 12, 2020 4:16 pm

December 30, 2016: Here are four stocks trading with relatively heavy volume among 66 equities making new 52-week lows in Friday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers by nearly 2 to 1. Total volume reached about 80% of the daily average.

Innocoll Holdings plc (NASDAQ: INNL) dropped about 67% on Friday to post a new 52-week low of $0.59 after closing at $1.77 on Thursday. The stock’s 52-week high is $12.94. Volume of nearly 7.4 million shares was around 80 times the daily average of about 90,000. The drug maker’s pain treatment received a refusal to file letter from the FDA.

Anthera Pharmaceuticals Inc. (NASDAQ: ANTH) dropped about 9.9% on Friday to post a new 52-week low of $0.64 against a 52-week high of $4.90 and a Thursday close of $0.71. Volume of about 5.7million was more than 3 times the daily average of around 1.6 million. The company had no specific news Friday.

Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM) dropped about 9.3% Friday to post a new 52-week low of $0.29 after closing Thursday at $0.32. The 52-week high is $1.18. Volume of around 4.7 million was more than 3 times the daily average of around 1.5 million shares traded. The company had no specific news.

Plug Power Inc. (NASDAQ: PLUG) dropped about 3.3% on Friday to post a new 52-week low of $1.18 after closing at $1.22 on Thursday. The stock’s 52-week high is $2.28. Volume was about 15% higher than the daily average of around 3 million shares. The company had no specific news Friday.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.