December 12, 2017: Here are four stocks trading with heavy volume among 77 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 8 to 7 and on the Nasdaq, advancers led decliners by slightly more than 8 to 7.
Edison International (NYSE: EIX) posted a new 52-week low of $67.28 Tuesday, down 7.8% after closing at $72.98 on Monday. The 52-week high is $83.38. Volume was about 8.2 million, approaching four times the daily average of around 2.2 million shares. The company’s southern California electricity system has been hard hit by the recent wildfires.
Goldcorp Inc. (NYSE: GG) dropped about 1.7% Tuesday to post a new 52-week low of $11.64 after closing at $11.84 on Monday. The 52-week high is $17.87. Volume was around 7 million, more than 10% above the daily average of around 6.4 million. The gold mining company had no specific news.
GNC Holdings Inc. (NYSE: GNC) dropped nearly 10% Tuesday to post a new 52-week low of $4.63 after closing at $5.14 on Monday. The 52-week high is $13.51. Volume was around 3.8 million, about 10% above the daily average of around 2.9 million. The health products company is struggling with $1.4 billion in debt and has been unable to refinance the debt leading to fears regarding its future.
stock market today: Arena Pharmaceuticals, Inc.(ARNA)
Advisors’ Opinion:
- [By Paul Ausick]
Arena Pharmaceuticals Inc. (NASDAQ: ARNA) posted a new 52-week low of $1.20 on Tuesday, down about 19% compared with Monday’s closing price of $1.48. The stock’s 52-week high is $2.16. Volume was about 10% below the daily average of around 3.8 million shares. The company priced a secondary offering of 60 million shares at $1.15 per share, a path guaranteed to enrage existing investors.
- [By Keith Speights]
Eisai partnered with Arena Pharmaceuticals (NASDAQ:ARNA) several years ago on obesity drug Belviq. The drug won U.S. regulatory approval in 2012, but sales have been underwhelming. As a result, Arena sold Belviq to Eisai earlier this year.
- [By Lisa Levin]
In trading on Friday, healthcare shares fell by 0.09 percent. Meanwhile, top losers in the sector included Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), down 6 percent, and Omeros Corporation (NASDAQ: OMER), down 5 percent.
- [By Lisa Levin]
Shares of Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) were down around 18 percent to $1.22. Arena Pharmaceuticals priced its 60 million share offering at $1.15 per share.
- [By Peter Graham]
The Q4 2016 earnings report for small cap obesity drug stock Arena Pharmaceuticals, Inc (NASDAQ: ARNA) is scheduled for after the market closes onTuesday (March 14th). Last June,Arena Pharmaceuticals announced a strategic shifting of priorities to emphasize its proprietary clinical stage pipeline and the implementation of additional cost reductions to streamline the organization to support its development programs. Among the actions to be taken is the layoff of 73% of the companys workforce which will cost approximately $6.1 million.
stock market today: Kimco Realty Corporation(KIM)
Advisors’ Opinion:
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) dropped about 0.4% Thursday to post a new 52-week low of $24.35 after closing Wednesday at $24.44. The 52-week high is $32.24. Volume of around 3 million was about 25% below the daily average of around 3.9 million shares traded. The company had no specific news.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) dropped about 1.7% Wednesday to post a new 52-week low of $24.63 after closing Tuesday at $25.04. The 52-week high is $32.24. Volume of around 2.4 million was about 40% below the daily average of around 3.9 million shares traded. The company had no specific news.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) dropped about 0.3% Monday to post a new 52-week low of $21.43 after closing at $21.50 on Friday. The stock’s 52-week high is $32.24. Volume was about 20% below the daily average of around 3.7 million shares. The company had no specific news and was on its way to posting a daily gain just before the closing bell.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) dropped about 2.7% Wednesday, to post a new 52-week low of $24.02 after closing at $24.68 on Tuesday. The stock’s 52-week high is $32.24. Volume was about 15% below the daily average of around 3.3 million shares. The company had no specific news Wednesday.
- [By Paul Ausick]
Kimco Realty Corp. (NYSE: KIM) dropped about 0.6% Friday, to post a new 52-week low of $21.46 after closing at $21.59 on Thursday. The stock’s 52-week high is $34.24. Volume was less than 10% above the daily average of around 3.4 million shares. The company had no specific news.
stock market today: UTStarcom Holdings Corp(UTSI)
Advisors’ Opinion:
- [By Jim Robertson]
Yesterday, small cap Chinese broadband stockUTStarcom Holdings Corp (NASDAQ: UTSI) rose 29.02% and is still rising in after hours / premarket trading 5.32%, but now the stock is starting to look overbought on the technical charts:
- [By William Romov]
Before we show you our pick, here are the top 10 penny stocks to watch this week
Penny Stock Current Share Price Nov. 27-Dec. 1 Gain (as of Dec. 1)
Pyxis Tankers Inc. (Nasdaq: PXS) $4.10 122.83%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.28 68.42%
Cerecor Inc. (Nasdaq: CERC) $1.74 47.46%
Proteostasis Therapeutics Inc. (Nasdaq: PTI) $2.52 37.71%
UT Starcom Holdings Corp. (Nasdaq: UTSI) $5.20 37.20%
WMIH Corp. (Nasdaq: WMIH) $0.96 33.46%
PhaseRx Inc. (Nasdaq: PZRX) $0.90 30.29%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $2.04 29.94%
EV Energy Partners LP (Nasdaq: EVEP) $0.86 27.76%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $4.40 25.71%
FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, its completely free
- [By Lisa Levin]
Shares of UTStarcom Holdings Corp (NASDAQ: UTSI) got a boost, shooting up 10 percent to $3.61. UTStarcom Holdings reported Q3 adjusted earnings of $0.07 per share on revenue of $26 million.
stock market today: Moneygram International, Inc.(MGI)
Advisors’ Opinion:
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested shorting small capmoney transfer services stock Moneygram International (NASDAQ: MGI):
- [By Lisa Levin]
Moneygram International Inc (NASDAQ: MGI) shares were also up, gaining 21 percent to $5.74 after the company reported upbeat Q4 earnings.
Equities Trading DOWN
- [By Ben Levisohn]
Western Union (WU) soared to the top of the S&P 500 today after MoneyGram International (MGI) received a bid from Euronet Worldwide (EEFT).
Agence France-Presse/Getty Images
Shares of Western Union gained 3.5% to $20.27 today, while the S&P 500 fell 0.3% to 2,365.45.MoneyGram International surged 25% to $15.77, while Euronet Worldwide advanced 0.3% to $83.22.
stock market today: Rackspace Hosting Inc(RAX)
Advisors’ Opinion:
- [By Monica Gerson]
Rackspace Hosting, Inc. (NYSE: RAX) reported better-than-expected earnings for the first quarter, but the company missed analysts’ sales estimates. Rackspace shares dropped 7.72 percent to $20.80 in the after-hours trading session.
stock market today: Cracker Barrel Old Country Store Inc.(CBRL)
Advisors’ Opinion:
- [By Monica Gerson]
Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is projected to report its quarterly earnings at $1.80 per share on revenue of $705.65 million.
- [By Peter Graham]
Mid capSouthern chicken restaurant stock Cracker Barrel Old Country Store, Inc (NASDAQ: CBRL) reported Q3 earnings before the market opened this morning.Total revenue was flat at $700.4 million as comparable store restaurant sales decreased 0.4% as a 2.1% decline in comparable store restaurant traffic was partially offset by a 1.7% increase in average check. The average menu price increase for the quarter was approximately 1.6% andcomparable store retail sales decreased 4.7% from the prior year quarter. Comparable store restaurant traffic, average check and comparable store restaurant sales and retail sales for the fiscal months of February, March, and April and the third quarter were as follows:
- [By Monica Gerson]
Analysts are expecting Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) to have earned $1.80 per share on revenue of $705.65 million in the latest quarter. Cracker Barrel shares gained 0.67 percent to $152.50 in after-hours trading.
- [By Peter Graham]
Mid capSouthern chicken restaurant stock Cracker Barrel Old Country Store, Inc (NASDAQ: CBRL) reportedearnings for fiscal Q1 2018 (ended October 27, 2017) before the market opened with results topping Wall Street expectations. Total revenue rose 0.1%to $710.4 million as comparable store restaurant sales increased 0.2%, including a 2.0% increase in average check partially offset by a 1.8% decrease in store traffic. The average menu price increase for the quarter was approximately 2.2% whilecomparable store retail sales decreased 3.6% from the prior year quarter. The Company opened two new Holler & Dash Biscuit House locations during the quarter, bringing the store count to 651 combined Cracker Barrel Old Country Store and Holler & Dash Biscuit House locations at quarter-end. Net income was $46.380 million versus net income of $48.355 million. Earnings per diluted share were $1.92, compared to diluted EPS of $2.01 in the prior year first quarter with the Company estimating that hurricanes Harvey and Irma reduced first quarter diluted EPS by approximately $0.07.
