Tribune Media, Gogo Tumble into Monday’s 52-Week Low Club
July 16, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 1.91 to 1 and on the Nasdaq, decliners led advancers by about 1.59 to 1.
Tribune Media Co. (NYSE: TRCO) traded down about 18% Monday and posted a new 52-week low of $31.65 after closing Friday at $38.56. The stock’s 52-week high is $43.71. Volume totaled around 12 million, more than 12 times the daily average. The company merger with Sinclair was called into question following a statement from the head of the FCC.
Icici Bank Ltd. (NYSE: IBN) dropped about 3.7% Monday to post a new 52-week low of $7.61. Shares closed at $7.90 on Friday and the stock’s 52-week high is $11.26. Volume totaled 10% higher than the daily average of around 7.2 million. The company had no specific news.
Gogo Inc. (NASDAQ: GOGO) fell nearly 13% Monday to post a new 52-week low of $3.52. Shares closed at $4.04 on Friday, and the 52-week high is $14.76. Volume totaled about three times the daily average of around 1.7 million. The company announced after markets closed Thursday that it was reviewing strategic alternatives and exploring ways to cut costs.
Halcón Resources Corp. (NYSE: HK) traded down 5.8% Monday to post a new 52-week low of $3.73 after closing Friday at $3.96. The stock’s 52-week high is $9.07. Volume was about 25% below the daily average of about 4.4 million shares. The company had no specific news.
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