ARIAD Pharmaceuticals Inc.
ARIAD Pharmaceuticals Inc. (ARIA) was the leading company among those that reached new 52-week lows in yesterday’s trading, as the company bottomed at $2.15 per share yesterday, beating its old 52-week low of $2.62 by 47 cents. ARIAD, which is engaged in the discovery and development of breakthrough medication for cancer, is now trading at $2.20 – 1.76 (44.44 percent) on 62,975,206 shares traded.
NII Holdings Inc. (NIHD) was second on yesterday’s list of companies hitting their lowest levels for the past 52 weeks, as the wireless communications service provider reached $3.08 per share, or a dollar less than its old 52-week low of $4.11. NII Holdings is presently trading at $3.47 – 1.335 (27.81 percent) on 15,835,749 shares traded. The company’s services are provided under the NextelTM brand umbrella, and mainly cater to enterprise subscribers looking to improve their productivity.
Educational institution Strayer Education Inc. (STRA), which owns Strayer University, reached a new low of $38.26 per share, above its old 52-week low of $39.27. The company is now trading at $39.76 – 9.50 (19.29 percent) on a total of 1,535,408 shares traded. The institution provides post-secondary education services, mainly for working adults.
Strayer was followed by Weight Watchers International Inc. (WTW), which is now at $32.52 per share above its earlier 52-week high of $35.58. The company, which provides weight management services to its customers, is presently at $32.34 – 7.585 (19 percent) on 7,162,269 shares traded.
KaloBios Pharmaceuticals Inc.(KBIO) reached a new low of $3.75 per share, beating out its old low of $4 per share by 25 cents. The company, which focuses on the development of monoclonal antibody therapeutics, is trading at $3.94 – 0.36 (8.37 percent) on 112,416 shares traded.
KaloBios was followed by Prosensa Holdings N.V. (RNA), which reached a low of $3.78 per share, erasing its previous 52-week low of $4.02. Prosensa is now trading at $3.78 – 0.33 (8.03 percent) on 251,923 shares traded. The company is engaged in the discovery and development of RNA-modulating therapeutics such as drisapersen and PRO044 designed to treat rare genetic disorders.
Veracyte Inc. (VCYT) reached a new 52-week low of $12.01 per share, which beat out its earlier low of $12.65. The company is now trading at $12.30 – 0.95 (7.17 percent) on 277,194 shares traded.
Next on the list, Cyan, Inc.(CYNI) bottomed to another 52-week low, hitting $4.76 per share yesterday, above its earlier 52-week low of $4.88. Cyan, which provides carrier-grade networking solutions that make legacy networks more productive, is trading at $4.67 – 0.31 (6.22 percent) on 963,950 shares traded.
Yesterday’s list of top companies reaching 52-week lows was closed out by Cytori Therapeutics Inc. (CYTX) and Rocket Fuel Inc. (FUEL). Cytori Therapeutics reached $2.05 per share, four cents less than its previous 52-week low of $2.09. The company is now trading at $2.06 – 0.135 (6.16 percent) on 515,883 shares traded. Lastly, Rocket Fuel is now at $50.90 per share, and trading at $51.36 – 3.20 (5.87 percent) on 387,508 shares traded. The company’s automated platform is designed to improve efficiency of real-time digital ad buying.