Southern Company, Tesaro Plunge into Monday's 52-Week Low Club

Investing

Published: January 16, 2018 4:04 pm

Last Updated: January 12, 2020 4:26 am

January 12, 2018: Here are four stocks trading with heavy volume among 30 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by nearly 2 to 1 and on the Nasdaq, advancers led decliners by slightly more than 2 to 1.

The Southern Co. (NYSE: SO) traded down about 1.2% Tuesday and posted a new 52-week low of $44.31 after closing Friday at $44.84. The 52-week high is $53.51. Volume was over 7 million, about 40% above the daily average of around 5 million shares. The company had no specific news.

VEREIT Inc. (NYSE: VER) dropped about 0.5% Tuesday to post a new 52-week low of $7.38 after closing at $7.42 on Friday. The stock’s 52-week high is $9.12. Volume was around 5.2 million, about 40% below the daily average of around 9.4 million. The company had no specific news.

Tesaro Inc. (NASDAQ: TSRO) dropped about 9.5% Tuesday to post a 52-week low of $63.00 after closing at $69.59 on Friday. The 52-week high is $192.94. Volume was around 2.6 million, nearly triple the daily average. The company had no specific news, but a couple of shareholder lawsuits were announced.

Kimco Realty Corp. (NYSE: KIM) fell about 0.5% Tuesday to match a 52-week low of $16.68 after closing at $16.76 on Friday. The 52-week high is $25.70. Volume of about 2.5 million was roughly equal to the daily average of around 3.9 million. The shopping center REIT had no specific news Tuesday.

ALSO READ: 8 Stocks Analysts Want You to Sell Into the Raging Bull Market

Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)

If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.