Investing
Snap, NXP Semiconductor Dive into Wednesday's 52-Week Low Club
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September 12, 2018: Here are four stocks trading with heavy volume among 136 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.32 to 1, and on the Nasdaq, decliners led advancers by about 1.09 to 1.
Snap Inc. (NYSE: SNAP) traded down about 10% Wednesday and posted a new 52-week (and all-time) low of $8.90 after closing Tuesday at $9.89. The stock’s 52-week high is $21.22. Volume was about 150% above the daily average of around 20.4 million. The company’s price target was cut to $5 at BTIG this morning.
Vital Therapies Inc. (NASDAQ: VTL) traded down about 94% Wednesday to set a new 52-week low of $0.40 after closing at $6.30 on Tuesday. The stock’s 52-week high is $9.75. Volume was 100 times the daily average of around 380,000. The company reported disappointing news on its new drug to treat liver failure.
Applied Materials Inc. (NASDAQ: AMAT) traded down about 4.6% Wednesday to post a new 52-week low of $37.39 after closing Tuesday at $39.18. The stock’s 52-week high is $62.40. Volume was about 10% above the daily average of around 12.5 million shares. The company had no specific news.
NXP Semiconductors NV (NASDAQ: NXPI) dropped about 5.6% Wednesday to set a new 52-week low of $84.59. Shares closed at $89.57 on Tuesday and the stock’s 52-week high is $125.93. Volume totaled around 13.3 million, about 60% above the daily average. The company’s stock was downgraded to Sell this morning by analysts at Stifel.
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