Investing

Alexion, Teva Plunge into Tuesday's 52-Week Low Club

May 23, 2017: Here are four stocks trading with relatively heavy volume among 88 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 4 to 3 and on the Nasdaq advancers led decliners by about the same margin.

Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) posted a new 52-week low of $102.47 on Tuesday, down more than 11% compared with Monday’s closing price of $115.42. The stock’s 52-week high is $157.02. Volume totaled more than 16 million shares, nearly 6 times the daily average of about 3 million. The company announced several executive changes this morning.

Teva Pharmaceuticals Industries Ltd. (NYSE: TEVA) dropped about 3.3% Tuesday to post a new 52-week low of $28.48 after closing at $29.44 on Monday. The stock’s 52-week high is $56.44. Volume of about 12.3 million was about 70% above the daily average of around 8 million shares traded. The company had no specific news.

Cerus Corp. (NASDAQ: CERS) dropped about 27% Tuesday to post a new 52-week low of $2.19 after closing at $3.00 on Monday. The stock’s 52-week high is $7.64. Volume was about 5 times the daily average of around 1.6 million shares. The company had no specific news.

DSW Inc. (NYSE: DSW) dropped about 9.5% Tuesday to post a new 52-week  low of $15.98 after closing Monday at $17.65. The 52-week high is $26.22. Volume of around 6.3 million shares was about 2.5 times the daily average. The footwear and accessories company reported first-quarter earnings that were below estimates.

Essential Tips for Investing (Sponsored)

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

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