Investing
Tower Semiconductor, Celgene Drop into Monday's 52-Week Low Club
Published:
Last Updated:
May 7, 2018: Here are four stocks trading with heavy volume among 51 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.71 to 1 and on the Nasdaq, advancers led decliners by about 1.65 to 1.
Tower Semiconductor Ltd. (NASDAQ: TSEM) dropped nearly 20% Monday to post a new 52-week low of $22.10. Shares closed at $27.54 on Friday and the stock’s 52-week high is $36.69. Volume of about 14 million shares was about 20 times the daily average. The company missed estimates when it reported results this morning. https://a673b.bigscoots-temp.com/technology-3/2018/05/07/why-tower-semiconductor-is-mondays-big-earnings-loser/
Cemex SAB de CV (NYSE: CX) fell by about 3.4% Monday to post a new 52-week low of $5.77 after closing at $5.96 on Friday. The 52-week high is $10.37. Volume of about 6.8 million was about 35% below the daily average of about 10.3 million. The company had no specific news.
Celgene Corp. (NASDAQ: CELG) traded down about 3.1% Monday and posted a new 52-week low of $84.22 after closing Friday at $86.89. The stock’s 52-week high is $147.17. Volume totaled around 6.4 million, less than 10% below the daily average of around 7 million. The company had no specific news.
Sibanye Gold Ltd. (NYSE: SBGL) traded down about 8.4% Monday to post a new 52-week low of $3.16 after closing Friday at $3.45. The stock’s 52-week high is $8.66. Volume was about 35% above the daily average of around 3.9 million shares. The company had no specific news.
24/7 Wall St.Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
