AmTrust, DryShips Plunge into Tuesday's 52-Week Low Club

Investing

Published: April 11, 2017 4:04 pm

Last Updated: January 12, 2020 1:04 pm

April 11, 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 3 to 2 and on the Nasdaq advancers led decliners by about 4 to 3.

AmTrust Financial Services Inc. (NASDAQ: AFSI) dropped about 28% Tuesday to post a new 52-week low of $13.51 after closing Monday at $18.87. The stock’s 52-week high is $28.48. Volume of about 19 million shares was about 9 times the daily average of around 2.1 million. A whistleblower report has resulted in an SEC probe into the company’s accounting practices.

DryShips Inc. (NASDAQ: DRYS) dropped more than 25% Tuesday to post a new reverse split-adjusted 52-week low of $1.78 after opening at $2.48 this morning. Volume was about 45% below the daily average of around 32 million pre-split shares. The company executed a 1-for-4 reverse stock split before markets opened this morning.

Top Ships Inc. (NASDAQ: TOPS) posted a new 52-week low of $0.49 on Tuesday, down about 0.6% compared with Monday’s closing price of $0.52. The stock’s 52-week high is $8.40. Volume was about 4 times the daily average of around 2.8 million shares. The company had no specific news.

Cytori Therapeutics Inc. (NASDAQ: CYTX) dropped nearly 38% Tuesday to post a new 52-week low of $1.07 after closing at $1.72 on Monday. The stock’s 52-week high is $5.40. Volume was 20 times the daily average of around 425,000 shares. The company priced a secondary offering of 8.6 million shares at $1.10 this morning. Investors hate that sort of thing.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.