The 52-Week Low Club
McClatchy (MNI) In the case of this big newspaper chain it is "may I have another, please, sir". A regular visitor here, the stock price hit $35.59. The 52-week high was $54.31. Maybe they should not have bought Knight-Ridder. YouBet…
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McClatchy (MNI) In the case of this big newspaper chain it is "may I have another, please, sir". A regular visitor here, the stock price hit $35.59. The 52-week high was $54.31. Maybe they should not have bought Knight-Ridder.
YouBet (UBET) The online gaming company was downgraded by Brean Murray after predicting a big loss in the fourth quarter. Hit $2.32 today against a 12-month high of $5.62.
ECC Capital (ECR) Nice REIT and mortgage company. Bad week for that business. NYSE even sent a non-compliance notice for days traded under $1. Dropped to $.61 today from a high of $1.65 over the last year.
TranSwitch (TXCC) Big work force lay-offs. Provides semiconductors for voice and video. Low of $1.22. The 52-week high was $2.85.
Avanir Pharma (AVNR) What a hair cut. Down to $1.26 today against a 52-week high of $18.14. According to The Associated Press: "At the request of federal regulators, Avanir Pharmaceuticals said it will conduct additional research on a treatment for a neurological disorder that causes involuntary laughter, crying and other emotional outbursts." The estimated time for the review–two years.
Viewpoint (VWPT) The internet marketing tech company’s shares fell to $.52. The 52-week high was $1.93.
Honorable mention: BP plc (BP) Hit $58.89 today, not a 52-week low, but so close given how well other big oil companies are doing. The 52-week high was $76.85.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.