Tower Semiconductor, Celgene Drop into Monday's 52-Week Low Club

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May 7, 2018: Here are four stocks trading with heavy volume among 51 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.71 to 1 and on the Nasdaq, advancers led decliners by about 1.65 to 1.

Tower Semiconductor Ltd. (NASDAQ: TSEM) dropped nearly 20% Monday to post a new 52-week low of $22.10. Shares closed at $27.54 on Friday and the stock’s 52-week high is $36.69. Volume of about 14 million shares was about 20 times the daily average. The company missed estimates when it reported results this morning. http://247wallst.com/technology-3/2018/05/07/why-tower-semiconductor-is-mondays-big-earnings-loser/

Cemex SAB de CV (NYSE: CX) fell by about 3.4% Monday to post a new 52-week low of $5.77 after closing at $5.96 on Friday. The 52-week high is $10.37. Volume of about 6.8 million was about 35% below the daily average of about 10.3 million. The company had no specific news.

Celgene Corp. (NASDAQ: CELG) traded down about 3.1% Monday and posted a new 52-week low of $84.22 after closing Friday at $86.89. The stock’s 52-week high is $147.17. Volume totaled around 6.4 million, less than 10% below the daily average of around 7 million. The company had no specific news.

Sibanye Gold Ltd. (NYSE: SBGL) traded down about 8.4% Monday to post a new 52-week low of $3.16 after closing Friday at $3.45. The stock’s 52-week high is $8.66. Volume was about 35% above the daily average of around 3.9 million shares. The company had no specific news.

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