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Four U.S. stocks were reported among the 66 equities making new 52-week lows on Monday as volumes continued to be low as investors wait to ring in the new year.
Transocean Partners LLC (NYSE: RIGP) posted a new 52-week - and all-time - low on Monday of $13.18. Based on Friday night’s closing price of $14.32, that’s a drop of nearly 8%. The stock’s 52-week high is $29.43. Volume is about a third higher than the daily average of around 325,000 shares. The offshore drilling firm had no specific news, but crude prices were down about 2%.
SandRidge Mississippian Trust II (NYSE: SDR) dropped about 5.3% to post a new 52-week - and all-time - low of $3.91 after closing at $4.13 on Christmas Eve. The stock’s 52-week high is $10.12. Share volume is nearly double the daily average of 400,000 shares traded. The royalty company had no specific news but is feeling pressure from low crude prices.
Vivus Inc. (NASDAQ: VVUS) dropped about 6% Monday to post a new 52-week low of $2.78. The stock’s 52-week high is $9.80. Volume totalled 25% higher than the daily average of around 1.9 mln shares. The U.S. FDA approved a competing diabetes drug last week to compete with Vivus’s Qsymia treatment.
Online retailer Zulilly Inc. (NASDAQ: ZU) dropped about 3.8% to establish a new 52-week - and all-time - low at $22.39 against a high of $73.50. Volume was 25% below the daily average of around 1.4 mln shares.