The 52-Week Low Club
McClatchy (MNI) working toward a record for number of days on the list, on negative watch for S&P watch list. Newspaper ad revenue still falling. Hit $34.94 down from 52-week high of $53.24. Vonage (VG) Verizon (VZ) patent lawsuit win…
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McClatchy (MNI) working toward a record for number of days on the list, on negative watch for S&P watch list. Newspaper ad revenue still falling. Hit $34.94 down from 52-week high of $53.24.
Vonage (VG) Verizon (VZ) patent lawsuit win still hangs heavy on these shares. Down to $3.87 for IPO day high of $17.25.
New Century Financial (NEW) The sub-prime lender said money for new loans was not available. Stock hammered down further to $2.96 from 52-week high of $51.97.
ECC Financial (ECR) Mortgage lender is delaying dividend distribution due to potential loan problems. Shares dropped to $.34 down from 52-week high of $1.65.
AtheroGenics Inc (AGIX) Makes drugs for heart disease among other things. Disappointing earnings back on February 22. No visible news today. Shares down to $7.23 from 52-week high of $20.03.
Distributed Energy Systems (DESC) Back again. The alternative energy company posted bad earnings yesterday and the stock is still falling. Down to $1.58 today from a 52-week high of $7.24.
Clearwire (CLWR) Sad when a new IPO is already down almost 10%. Looking like Vonage (VG) in the early days. One day post IPO shares down to $21.49 after getting as high as $24.80 yesterday.
Encysive Pharmaceuticals (ENCY) The company missed its earnings forecast and guided for a poor year. The Associated Press went as far as calling its a "grim outlook". Shares hit lowest level in four years at $2.81 down from 52-week high of $9.75.
Progressive Gaming Intl (PGIC) Yesterday’s poor quarterly report still weighs on shares of casino softwares. Shares move as low as $6 down from 52-week high of $11.40.
Private Media (PRVT) Adult media (i.e. porno) company hits $2.13 down from 52-week high of $4.87. Not visible reason for the drop.
Merge Technologies (MRGE) The developer of medical imaging and information management software posted poor earnings. Stock dropped to $3.88 compared to 52-week high of $18.37.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
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.
