Investing

Santander, Deutsche Bank Leap into Wednesday's 52-Week Low Club

May 16, 2018: Here are four stocks trading with heavy volume among 74 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.87 to 1 and on the Nasdaq, advancers led decliners by about 1.91 to 1.

Banco Santander SA (NYSE: SAN) dropped about 3.2% Wednesday to post a new 52-week low of $6.27. Shares closed at $6.48 on Tuesday and the stock’s 52-week high is $7.57. Volume of around 7.6 million shares was about 10% above the daily average. The company had no specific news.

Deutsche Bank AG (NYSE: DB) fell by about 2.9% Wednesday to post a new 52-week low of $12.90 after closing at $13.29 on Tuesday. The 52-week high is $20.23. Volume of about 6.3 million was about 40% higher than the daily average of about 4 million. The bank had no specific news.

Cesca Therapeutics Inc. (NASDAQ: KOOL) traded down nearly 34% Wednesday to post a new 52-week low of $0.52 after closing Tuesday at $0.80. The stock’s 52-week high is $6.44. Volume was about 40 times the daily average of around 142,000 shares. The company priced a secondary offering of 9.17 million units at $0.60 per unit of one common share and one common warrant to purchase an additional common share.

Vodafone Group plc (NASDAQ: VOD) traded down about 1.6% Wednesday and posted a new 52-week low of $26.60 after closing Tuesday at $27.04. The stock’s 52-week high is $32.75. Volume totaled around 5.5 million, about 85% higher than the daily average of around 3 million. The company said this morning that long-time CEO Vittorio Colao is retiring and will be replaced by Nick Read.

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.