Frontier Communications, Fossil Group Drop into Wednesday's 52-Week Low Club

Investing

Published: May 10, 2017 4:04 pm

Last Updated: January 12, 2020 12:08 pm

May 10, 2017: Here are four stocks trading with relatively heavy volume among 89 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by nearly 2 to 1 and on the Nasdaq advancers led decliners by about 5 to 4.

Frontier Communications Corp. (NASDAQ: FTR) dropped about 8.5% Wednesday to post a new 52-week low of $1.29 after closing Tuesday at $1.43. The 52-week high is $5.53. Volume of around 55 million shares was about 15% above the daily average of around 49 million. The company had no specific news.

Opko Health Inc. (NASDAQ: OPK) dropped about 11.7% Wednesday to post a new 52-week low of $6.65 after closing at $7.53 on Tuesday. The stock’s 52-week high is $12.15. Volume of more than 15 million was nearly 4 times the daily average of around 4 million shares traded. On Tuesday the company reported a first-quarter loss.

Amyris Inc. (NASDAQ: AMRS) posted a new 52-week low of $0.31 on Wednesday, down about 6.5% compared with Tuesday’s closing price of $0.33. The stock’s 52-week high is $1.21. Volume totaled nearly 10 million shares, more than 3 times the daily average of 3.3 million. The company had no specific news.

Fossil Group Inc. (NASDAQ: FOSL) dropped nearly 25% Wednesday to post a new 52-week low of $13.65 after closing at $18.15 on Tuesday. The stock’s 52-week high is $36.87. Volume was more than 5 times the daily average of around 1.9 million shares. The company missed analysts’ expectations bigly this morning.

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%¹ today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

¹https://www.fdic.gov/national-rates-and-rate-caps