Mannkind, Tesaro Can't Escape Monday's 52-Week Low Club

Investing

Published: August 6, 2018 4:04 pm

Last Updated: January 11, 2020 7:49 pm

August 6, 2018: Here are four stocks trading with heavy volume among 96 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.44 to 1 and on the Nasdaq, advancers led decliners by about 1.56 to 1.

Mannkind Corp. (NASDAQ: MNKD) traded down about 14.8% Monday to set a new 52-week low of $0.98. Shares closed at $1.15 on Friday, and the 52-week high is $6.96. Volume was more than double the daily average of around 2.2 million. The struggling biopharma firm reported weak earnings Thursday night and is still suffering the effects.

Tesaro Inc. (NASDAQ: TSRO) traded down about 5% Monday to post a new 52-week low of $25.62 after closing Friday at $26.97. The stock’s 52-week high is $136.45. Volume was about double the daily average of about 2.1 million shares. The company reported weaker-than-expected results last week.

ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) traded down about 10.6% Monday and posted a new 52-week low of $13.60 after closing Friday at $15.22. The stock’s 52-week high is $41.20. Volume totaled around 4.4 million, about 70% above the daily average.

Diebold Nixdorf Inc. (NYSE: DBD) dropped about 10.7% Monday to set a new 52-week low of $6.25. Shares closed at $7.00 on Friday and the stock’s 52-week high is $23.50. Volume was more than double the daily average of around 1.8 million.

24/7 Wall St.
The Next 10 US Companies That Might Catch Apple in the $1 Trillion Value Club

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free 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.