Investing

Allergan, Newell Brands Topple into Thursday's 52-Week Low Club

October 19, 2017: Here are four stocks trading with heavy volume among 13 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 8 to 7 and on the Nasdaq decliners led advancers by about 3 to 2.

Allergan plc (NYSE: AGN) dropped about 3.2% Thursday to post a new 52-week low of $182.80 after closing at $187.15 on Wednesday. The 52-week high is $256.80. Volume was around 86.5 million, more than double the daily average of about 2.6 million. The company’s blockbuster eye drug may see a generic competitor as early as next year.

Immune Pharmaceuticals Inc. (NASDAQ: IMNP) dropped about 64% Thursday to post a new 52-week low of $0.88 after closing at $1.52 on Wednesday. The 52-week high is $5.02. Volume was around 5.7 million, approaching six times the daily average. The company priced a convertible offering this morning at $1.10 per share, making investors very unhappy.

Newell Brands Inc. (NYSE: NWL) dropped about 1.9% Thursday to post a new 52-week low of $40.44 after closing at $41.21 on Wednesday. The stock’s 52-week high is $55.08. Volume of around 5.2 million was about 15% above the daily average. The company had no specific news.

Sally Beauty Holdings Inc. (NYSE: SBH) posted a new 52-week low of $16.36 on Thursday, down about 7.8% from Wednesday’s closing price of $17.75. The stock’s 52-week high is $30.17. Volume totaled around 5 million shares, more than double the daily average. The company had no specific news.

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.