Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

5 Nasdaq Stocks Crashing to 52-Week Lows This Week

Page 1 of 2

The U.S stock indexes hit record highs on Monday, helped by Bank of America Corp (NYSE:BAC)’s better than expected financial results and some M&A activity in the tech sector. However, not every stock has been bouyed by the strong push in the last couple weeks, as they have not only moved in the opposite direction, but also fallen to their 52-week lows.

In this article we’ll take a look at five such stocks, TG Therapeutics Inc (NASDAQ:TGTX), NantHealth Inc (NASDAQ:NH), xG Technology Inc (NASDAQ:XGTI), Amedica Corporation (NASDAQ:AMDA), and DryShips Inc. (NASDAQ:DRYS), and study their performance. We’ll also look into how the hedge funds in our database have been trading these companies of late and whether or not they have seen the declines coming.

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see more details here).

stock, graph, low, crash, down, arrow, risk, fall, crack, price, bad, market, debt, statistics, sales, economy, decline, failure, red, loss, business, concept, diagram, rates,

Onypix/Shutterstock.com

TG Therapeutics

Let’s start with TG Therapeutics Inc (NASDAQ:TGTX), which hit a low of $5.61 on Monday, on what seemed like no particular news. The shares recuperated toward the end of the day, closing below $6.00, but slid by another 5.22% on Tuesday, to close back near that yearly low at $5.63. The stock has been extremely volatile this year, and has lost more than 52% so far.

Despite the feebleness, a few funds in our database are still betting on TG Therapeutics Inc (NASDAQ:TGTX). As of the end of the first quarter, nine funds among those we track were long the stock, holding almost 25% of the company’s float. Among them was Peter Kolchinsky’s RA Capital Management, which boosted its exposure to the small-cap biotech by 62% over the first quarter to more than 4.5 million shares.

Follow Tg Therapeutics Inc. (NASDAQ:TGTX)
Trade (NASDAQ:TGTX) Now!

NantHealth

Next up is NantHealth Inc (NASDAQ:NH), which traded at 52-week lows on Monday and Tuesday, sliding to a price of $11.28, which also pushed its year-to-date loss to 38.46%. Again, no particular news seem to be driving the decline in the small-cap, which started trading on the Nasdaq exchange on June 3, and has since received ‘Buy’ (or equivalent) ratings from Canaccord Genuity, First Analysis, and Cowen and Company. Given its recent entry into the stock market, there are no known shareholders of NantHealth Inc (NASDAQ:NH) in our database at this time.

Follow Nant Health Llc
Trade (NH) Now!

We’ll check out three other Nasdaq stocks that have hit their 52-week lows this week on the next page.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!