Investing
BRF, Rubicon Project Dip into Friday's 52-Week Low Club
Published:
Last Updated:
March 17, 2017: Here are four stocks trading with relatively heavy volume among 32 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by nearly the same margin.
BRF SA (NYSE: BRFS) posted a new 52-week low of $11.77 on Friday, down about 15.5% compared with Thursday’s closing price of $12.80. The stock’s 52-week high is $18.12. Volume was more than 4 times the daily average of around 1.6 million shares. The Brazil-based pork and poultry producer was raided by police investigating allegations of bribery of food inspectors and politicians.
Rubicon Project Inc. (NYSE: RUBI) dropped about 1.9% Friday, to post a new 52-week low of $5.65 after closing at $5.76 on Thursday. The stock’s 52-week high is $20.37. Volume was nearly 4 times the daily average of around 740,000 shares. The company had no specific news.
Nordic American Offshore Ltd. (NYSE: NAO) dropped about 2.8% Friday, to post a new 52-week low of $1.05 after closing at $1.08 on Thursday. The stock’s 52-week high is $5.69. Volume was about 4 times the daily average of around 490,000 shares. The company had no specific news.
BioAmber Inc. (NYSE: BIOA) dropped nearly 29% Friday to post a new 52-week low of $2.24 after closing Thursday at $3.14. Volume of more than 1.5 million shares was about 6 times the daily average of around 240,000. The company’s annual report, filed on Thursday with its quarterly results, included a “going concern” statement from the company’s independent auditing firm.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
