February 27, 2018: Here are four stocks trading with heavy volume among 90 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by more than 3 to 1 and on the Nasdaq, advancers led decliners by about the same ratio.
Fitbit Inc. (NYSE: FIT) traded down nearly 16% Tuesday and posted a new 52-week low of $4.67 after closing Monday at $5.54. The stock’s 52-week high is $7.32. Volume was more than six times the daily average of 5.4 million shares. The company reported poor results last night and offered up weak guidance as a side dish. https://a673b.bigscoots-temp.com/consumer-electronics/2018/02/26/fitbit-whiffs-big-on-earnings-and-even-bigger-on-guidance/
Akorn Inc. (NASDAQ: AKRX) dropped nearly 40% Tuesday to post a new 52-week low of $18.20. Shares closed at $30.28 on Monday and the stock’s 52-week high is $34.00. Volume was nearly 22 million, more than 20 times the daily average. A potential acquirer has announced an investigation into possible data breaches. https://a673b.bigscoots-temp.com/healthcare-business/2018/02/27/could-data-breaches-break-up-the-akorn-aquisition/
Barrick Gold Corp. (NYSE: ABX) fell about 3.7% Tuesday to post a new 52-week low of $11.74 after closing at $12.19 on Monday. The 52-week high is $20.36. Volume of more than 15 million was about 25% above the daily average. The company had no specific news.
Cemex SAB de CV (NYSE: CX) traded down 4% Tuesday and posted a new 52-week low of $6.68 after closing Monday at $6.96. The stock’s 52-week high is $10.37. Volume was around 12.5 million, about 25% above the daily average of around 10.5 million. The company had no specific news.
24/7 Wall St.Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
