November 21, 2017: Here are four stocks trading with heavy volume among 56 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 2 to 1 and on the Nasdaq, advancers led decliners by about the same ratio.
Cytokinetics Inc. (NASDAQ: CYTK) dropped about 37% Tuesday to post a new 52-week low of $7.00 after closing at $11.10 on Monday. The 52-week high is $17.20. Volume was around 7 million, about 14 times the daily average of less than 500,000. The company’s ALS drug failed ti meet its endpoint in a phase 3 study.
Patterson Companies Inc. (NASDAQ: PDCO) dropped about 7.9% Tuesday to post a new 52-week low of $32.07 after closing at $34.82 on Monday. The 52-week high is $48.30. Volume was around 5 million, more than three times the daily average of around 1.6 million. The distributor of dental and animal health care products missed earnings and revenues estimates this morning.
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EP Energy Corp. (NYSE: EPE) posted a new 52-week low of $1.85 Tuesday, down nearly 22% after closing at $2.37 on Monday. The 52-week high is $7.49. Volume was about 3.2 million, around 5 times the daily average of around 600,000. The oil and gas exploration and production firm has launched an exchange program extending the maturity date to 2024 on $1.2 billion in 9.375% notes due in 2020.
Enbridge Energy Partners LP (NYSE: EEP) dropped about 4.4% Tuesday to post a new 52-week low of $12.68 after closing at $13.27 on Monday. The stock’s 52-week high is $26.17. Volume of around 3.4 million was about more than double the daily average. The pipeline company had no specific news.
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