Investing
Zoe's Kitchen, Northern Dynasty Plummet into Friday's 52-Week Low Club
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May 25, 2018: Here are four stocks trading with heavy volume among 73 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 1.22 to 1 and on the Nasdaq, decliners led advancers by about 1.03 to 1.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell about 13% Friday to post a new 52-week low of $0.40 after closing at $0.46 on Thursday. The 52-week high is $38.86. Volume of more than 17 million was about 70% above the daily average of about 10.5 million. The company that owns MoviePass had no specific news again today, but shares continue to sink quite nicely with no extra help required.
Northern Dynasty Minerals Ltd. (NYSEAMERICAN: NAK) traded down about 36% Friday and posted a new 52-week low of $0.45 after closing Thursday at $0.70. The stock’s 52-week high is $2.34. Volume totaled around 11.6 million, about 10 times the daily average of around 1 million. The company’s proposed deal fell through with Canada-traded First Quantum Minerals for financing help with Northern Dynasty’s Pebble project.
Zoe’s Kitchen Inc. (NYSE: ZOES) traded down about 39% Friday to post a new 52-week low of $8.81 after closing Thursday at $14.47. The stock’s 52-week high is $17.65. Volume was more than 30 times the daily average of around 285,000 shares. The company reported poor quarterly results and downgraded from Buy to Hold at Maxim Group with a price target drop from $20 to $12 a share.
Deutsche Bank AG (NYSE: DB) dropped about 2.4% Friday to post a new 52-week low of $11.95. Shares closed at $12.25 on Thursday and the stock’s 52-week high is $20.23. Volume of around 5.4 million shares was 30% above the daily average.The bank said yesterday it will cut thousands of jobs as it limits its trading activities.
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