Investing
Coca-Cola, LendingClub Skid into Wednesday's 52-Week Low Club
Published:
Last Updated:
April 25, 2018: Here are four stocks trading with heavy volume among 136 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 3 to 2 and on the Nasdaq, decliners led advancers by about 4 to 3.
LendingClub Corp. (NYSE: LC) dropped more than 17% Wednesday to post a new 52-week low of $2.69. Shares closed at $3.26 on Tuesday and the stock’s 52-week high is $6.56. Volume was more than double the daily average of around 6.6 million shares. The Federal Trade Commission has sued the company for deceiving customers with hidden fees.
The Coca-Cola Co. (NYSE: KO) traded down about 2.7% Wednesday and posted a new 52-week low of $41.95 after closing Tuesday at $43.07. The stock’s 52-week high is $48.62. Volume totaled around 15.2 million, about 20% above the daily average. The company had no specific news.
Acadia Pharmaceuticals Inc. (NASDAQ: ACAD) traded down about 20% Wednesday to post a new 52-week low of $14.51 after closing Tuesday at $19.47. The stock’s 52-week high is $41.20. Volume was more than six times the daily average of around 2.5 million shares. The Food and Drug Administration is re-examining the company’s only approved drug.
Bristol-Myers Squibb Co. (NYSE: BMY) fell by about 2% Wednesday to post a new 52-week low of $50.56 after closing at $51.58 on Tuesday. The 52-week high is $70.05. Volume of about 10.1 million was about 15% above daily average of about 9 million. The company is sceduled to report earnings before markets open Thursday..
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.