Investing

Gilead Sciences, DryShips Stuck in Tuesday's 52-Week Low Club

January 24, 2017: Here are four stocks trading with relatively heavy volume among 48 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 11 to 4 and on the Nasdaq advancers led decliners by about 5 to 2.

DryShips Inc. (NASDAQ: DRYS) dropped about 18% on Tuesday to post a new split-adjusted 52-week low of $4.42 against a 52-week high of $278.40 and a Monday close of $5.40. Volume of around 18.3 million was about 30% above the daily average of around 13 million. Shares began trading Monday morning after a 1-for-8 reverse stock split that valued the new shares at about $8.00.

Gilead Sciences Inc. (NASDAQ: GILD) dropped about 1.3% Tuesday, to post a new 52-week low of $69.78 after closing at $70.69 on Monday. 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 Tuesday.

BT Group plc (NYSE: BT) dropped about 21.7% Tuesday to post a new 52-week low of $19.14 after closing Monday at $24.43. The 52-week high is $36.04. Volume of around 7.4 million was nearly 15 times the daily average of around 560,000 shares traded. The company expects a larger loss related to a scandal with its accounting in Italy.

Cascadian Therapeutics Inc. (NASDAQ: CASC) dropped about 4.4% on Tuesday to post a new 52-week low of $3.49 after closing at $3.65 on Monday. Volume was about 8 times the daily average of around 440,000. The company announced both secondary and preferred stock offering to raise $82.5 million.

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.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.