Stock Tickers: ACA, AVAV, IDIX, KERX, NKTR, REDE, STAA, TRMP, UBET, WON
The DJIA & S&P 500 Index may have put in new highs today, but as you know there are always a dingy group of little piggies putting in new 52-week lows. Some companies are poorly run, and some are just victim of circumstance. Maybe they can just all blame Friday the 13th. Not all of these are definitely CLOSING on 52-week lows but some deserved the honorable mention. Here are today’s little piggies:
(ACA) ACA CAPITAL HOLDINGS… Giving it up again, down 50% from Highs. ACA provides financial guaranty insurance products to participants in the global credit derivative, structured finance capital, and municipal finance capital markets. You think subprime or CDO blow-ups snuck into their pocketbook?
(AVAV) AEROVIRONMENT INC… Shares traded down another 2.4% and traded down into the ‘teens’ for the first time since its IPO in January. No one realized that its flying re-con plane was needed to find stock buyers rather than enemy soldiers over the horizon.
(IDIX) IDENIX PHARMACEUTICALS… Whoops, FDA halts Hep-C trials. Ouch!
(KERX) KERYX BIOPHARMA… no real news, just days and days of weakness.
(NKTR) NEKTAR THERAPEUTICS… no real news, just days of weakness.
(REDE) RED ENVELOPE… no real news, although for an ‘online of high-end gifts’ it is pretty shocking that I have yet to meet anyone who has bought from them online.
(STAA) STAAR SURGICAL… very thin volume, no news; not being run by stars?
(TRMP) TRUMP ENTERTAINMENT… The truth is that this DIDN’T CLOSE on a low, but it hit a new since coming public after the recapitalization in 2005 and deserves to be noted. Hopefully The Donald won’t sue us for saying something negative like he has been known to do, but this stock has been a stinker.
(UBET) YOUBET.COM… You can bet it is hard to find bulls or bears in this name.
(WON) WESTWOOD ONE INC… This was down close to 15% at one point but managed to come all the way back on 4-times average volume to a 10-year ("TEN") after traders bought it back up after Citigroup downgraded it.
Jon C. Ogg
July 13, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in the companies he covers.