Source: Thinkstock
Fabrinet (NYSE: FN) saw shares fall more than 18% to a new 52-week low of $13.57 after announcing Monday morning that the company will postpone filing its fourth-quarter and full-year financial results pending an investigation into its accounting practices. The stock’s 52-week high is $22.67 and volume is more than double the daily average of just 253,000 shares traded.
Mitek Systems Inc. (NASDAQ: MITK) dropped more than 17% on Monday to post a new 52-week low of $2.15. The stock’s 52-week high is $7.11. Mitek has recently had certain patent infringement claims it filed against USAA dismissed by the federal court. The company’s chief technical officer also resigned recently. Volume today is about 10-times the daily average of around 277,000.
Elizabeth Arden Inc. (NASDAQ: RDEN) dropped more than 3% on Monday to post a new 52-week low of $19.50. Volume is about equal to the daily average of around 445,000 shares traded, and the stock’s 52-week high is $40.40. The beauty products maker has been slumping since a South Korean firm said it is no longer interested in acquiring Arden.
Trupanion Inc. (NYSE: TRUP) dropped nearly 4% to hit a new post-IPO low of $8.70 today. The pet insurer had no news today, and the post-IPO high on the stock is $11.95.
ALSO READ: 10 States Struggling With Delinquent Debt
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
