Investing

Frontier Communications, Rubicon Project Plunge into Wednesday's 52-Week Low Club

March 15, 2017: Here are four stocks trading with relatively heavy volume among 56 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by more than 8 to 1 and on the Nasdaq advancers also decliners by nearly 3 to 1.

Frontier Communications Inc. (NASDAQ: FTR) posted a new 52-week low of $2.31 on Wednesday, down about 4.1% compared with Tuesday’s closing price of $2.41. The stock’s 52-week high is $5.75. Volume was more than double the daily average of around 28 million shares. The company had no specific news today, but the dividend yield rose nearly another full point to 16.6% on Wednesday.

NeoPhotonics Corp. (NYSE: NPTN) dropped more than 14% Wednesday, to post a new 52-week low of $6.90 after closing at $8.08 on Tuesday. The stock’s 52-week high is $18.51. Volume was nearly 15 times the daily average of around 14 million shares. The fiber optic company posted good results and a poor outlook late Tuesday. Shares recovered quickly, however, and the stock is on its way to a daily gain of about 15%.

Endo International Inc. (NASDAQ: ENDP) dropped about 3.9% Wednesday, to post a new 52-week low of $9.82 after closing at $10.22 on Tuesday. The stock’s 52-week high is $36.95. Volume was more about 10% above the daily average of around 8.7 million shares. The company’s opioid drug’s risks outweigh the drug’s benefits. However, shares have recovered and are headed for a one-day gain of around 3%.

Rubicon Project Inc. (NYSE: RUBI) dropped about 29% Wednesday to post a new 52-week low of $5.96 after closing Tuesday at $8.39. Volume of more than 6.1 million shares was more than 10 times the daily average of less than 600,000. The company named a new CEO and reported weak results after markets closed Tuesday.

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

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