Investing

Windstream, Gulfport Energy in Thursday's 52-Week Low Club

March 23, 2017: Here are four stocks trading with relatively heavy volume among 71 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 2 to 1 and on the Nasdaq advancers led decliners by about 9 to 5.

Tandem Diabetes Care Inc. (NASDAQ: TNDM) dropped nearly 26% Thursday, to post a new 52-week low of $1.15 after closing at $1.55 on Wednesday. The stock’s 52-week high is $11.30. Volume was more than 20 times the daily average of around 290,000. The company announced an underwritten secondary offering of 18 million shares at $1.25 per share.

QEP Resources Inc. (NYSE: QEP) posted a new 52-week low of $11.84 on Thursday, down about 2.8% compared with Wednesday’s closing price of $12.18. Volume was about 15% above the daily average of around 3.6 million shares. The company had no specific news.

Windstream Holdings Inc. (NASDAQ: WIN) dropped about 5% Thursday to post a new 52-week low of $5.61 after closing Wednesday at $5.91. The stock’s 52-week high is $10.46. Volume of about 3.5 million shares was 30% above the daily average of around 2.7 million. The company had no specific news but was swept up in a downgrade on Wednesday from analysts at Goldman Sachs.

Gulfport Energy Corp. (NASDAQ: GPOR) dropped about 2.7% Thursday, to post a new 52-week low of $15.67 after closing at $16.10 on Wednesday. The stock’s 52-week high is $34.67. Volume was about equal to the daily average of around 3.5 million shares. The company had no specific news.

Find a Qualified Financial Advisor (Sponsor)

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

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