Exelixis, Lannett Topple into Monday's 52-Week Low Club

Investing

Published: August 20, 2018 4:04 pm

Last Updated: January 11, 2020 7:05 pm

August 20, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 2.32 to 1, and on the Nasdaq, advancers led decliners by about 1.57 to 1.

Lannett Company Inc. (NYSE: LCI) traded down about 62% Monday to set a new 52-week low of $5.30. Shares closed at $13.5 on Friday, and the 52-week high is $30.35. Volume was about 25 times the daily average of around 620,000. The company lost a contract with a key distributor of its generic drugs.

Exelixis Inc. (NASDAQ: EXEL) traded down about 9.6% Monday to post a new 52-week low of $17.36 after closing Friday at $19.20. The stock’s 52-week high is $32.50. Volume was 75% above the daily average of about 4.1 million shares. The company had no specific news.

Scorpio Tankers Inc. (NYSE: STNG) traded down about 2.6% Monday and posted a new 52-week low of $1.85 after closing Friday at $1.90. The stock’s 52-week high is $4.18. Volume was about equal to the daily average of around 3.4 million. The company had no specific news., and shares are on their way to closing up about 9% for the day.

Public Joint-Stock Company Mobile Telesystems (NYSE: MBT)) dropped about 2.3% Monday to set a new 52-week low of $7.33. Shares closed at $7.50 on Friday and the stock’s 52-week high is $12.80. Volume totaled around 3 million, right in line with the daily average. The company had no specific news.

24/7 Wall St.
Top Permian Basin Stocks Are Cheap: 4 Jefferies Favorites to Buy Now

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.