Stocks Hitting 52-Week Lows
- Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) shares fell 61.5 percent to touch a new 52-week low of $1.69 after the company announced it was discontinuing all its clinical RNAi programs. The company also announced plans to reduce workforce by 30 percent.
- Galena Biopharma Inc (NASDAQ: GALE) shares reached a new 52-week low of $2.985. Galena Biopharma shares have climbed 108.00 percent over the past 52 weeks, while the S&P 500 index has increased 5.97 percent in the same period.
- PAVmed Inc. (NASDAQ: PAVM) shares fell 13.3 percent to touch a new 52-week low of $7.46.
- Costamare Inc (NYSE: CMRE) shares reached a new 52-week low of $5.74 as the company announced a public offering of 11 million common stock.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.