Investing

Cenovus  Energy, DryShips Dip into Wednesday's 52-Week Low Club

April 12, 2017: Here are four stocks trading with relatively heavy volume among 51 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 2 to 1 and on the Nasdaq decliners led advancers by about the same margin.

DryShips Inc. (NASDAQ: DRYS) dropped about 6.9% Wednesday to post a new reverse split-adjusted 52-week low of $1.62 after opening at $1.74 this morning. Volume was about 30% below the daily average of around 33 million pre-split shares. Shares had recovered nearly 10% to trade around $1.90 shortly before the closing bell.

Cenovus Energy Inc. (NYSE: CVE) dropped about 3.3% Wednesday to post a new 52-week low of $10.67 after closing Tuesday at $11.03. The stock’s 52-week high is $16.82. Volume of about 5.2 million shares was about 35% higher than the daily average of around 3.3 million. The company had no specific news Wednesday.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) posted a new 52-week low of $31.90 on Wednesday, down about 0.7% compared with Tuesday’s closing price of $32.14. The stock’s 52-week high is $58.16. Volume was about 65% below the daily average of around 9.7 million shares. The company had no specific news.

OncoMed Pharmaceuticals Inc. (NASDAQ: OMED) dropped about 5.3% Wednesday to post a new 52-week low of $4.69 after closing at $4.95 on Tuesday. The stock’s 52-week high is $15.49. Volume was more than double the daily average of around 270,000 shares. The company had no specific news Wednesday.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

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