Teva, Gilead Sciences Tumble into Monday's 52-Week Low Club

Investing

Published: January 23, 2017 4:04 pm

Last Updated: January 12, 2020 3:37 pm

January 23, 2017: Here are four stocks trading with relatively heavy volume among 56 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq decliners led advancers by about 4 to 3.

DryShips Inc. (NASDAQ: DRYS) dropped about 35% on Monday to post a new 52-week low of $5.28 against a 52-week high of $278.40 and a Friday close of $1.01. Volume of around 12.5 million was about equal to the daily average of around 13 million. Shares began trading this morning after a 1-for-8 reverse stock split that valued the new shares at about $8.00.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) dropped about 3.4% Monday to post a new 52-week low of $32.11 after closing Friday at $33.23. The 52-week high is $64.31. Volume of around 11 million was about 10% above the daily average of around 10.4 million shares traded. The company had no specific news.

Endo International plc (NASDAQ: ENDP) dropped about 6.6% on Monday to post a new 52-week low of $11.52 after closing at $12.34 on Friday. Volume was about 75% above the daily average of around 5.8 million. The company announced a settlement in an FTC lawsuit related to payments to competitors to delay introducing new generic drugs.

Gilead Sciences Inc. (NASDAQ: GILD) dropped about 1% Monday, to post a new 52-week low of $70.30 after closing at $71.01 on Friday. The stock’s 52-week high is $103.10. Volume was about 10% below the daily average of around 9.8 million shares. The company had no specific news Monday.

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.