NASDAQ Stocks At New Lows: Recro Pharma Inc(NASDAQ:REPH), FreeSeas Inc(NASDAQ:FREE), and Gevo, Inc.(NASDAQ:GEVO)
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Recro Pharma Inc(NASDAQ:REPH) suffered a 45.88% decrease in value Friday’s as the stock fell $2.62 to move to a new closing price of $3.09. The stock also traded for as little as $2.88 during the day, a new 52 week low for the Pennsylvania-based clinical stage pharmaceutical company. After the markets closed on Sept. 4th, Reco Pharma Inc(NASDAQ:REPH) announced that it does not expect for its Phase 2b clinical trial of Dex-IN to reach “statistical significance.”
FreeSeas Inc(NASDAQ:FREE) lost $0.027 to fall to a new closing price of $0.443, a 5.74% decrease in value from the previous closing price. The stock remains just $0.023 above its 52 week low of $0.42.The Greece-based company maintains a high trading volume as 1,596,471 shares were exchanged during Friday’s trading. FreeSeas Inc(NASDAQ:FREE) has a bid price of $0.42 x 800 and an offer price of $0.48 x 4,000. The stock lost an additional 0.68% during after-hours trading.
Gevo, Inc.(NASDAQ:GEVO) saw its value decline by 8.45% Friday as the stock lost $0.042 to move to a new closing price of $0.451. The stock fell to a new 52 week low of $0.43 during the day. Gevo, Inc.(NASDAQ:GEVO) has not published a press release since the company reported its second quarter financial results during the month of August. Nevertheless, the company remains heavily traded, as it had a trading volume of 1,679,726 on Sept. 5th.
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