The 52-Week Low Club
As the market moves higher almost everyday, the membership in the Club becomes more exclusive. NeuroChem (NMRX) Negative news about phase 3 clinical trial data for its Alzheimer’s drug candidate, Alzhemed, followed by an $80 million in convertible notes. Brutal…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
As the market moves higher almost everyday, the membership in the Club becomes more exclusive.
NeuroChem (NMRX) Negative news about phase 3 clinical trial data for its Alzheimer’s drug candidate, Alzhemed, followed by an $80 million in convertible notes. Brutal day for the shareholder. Down 22% to $9.06, and moving further off the 52-week high of $26.91.
Harris Stratex Networks (HSTX) Wireless transmissions systems supplier is another 20% decliner today on poor earnings outlook. Falls to $14.85 down from 52-week high of $21.25.
AudioCodecs (AUDC) Joins the club again. Downgrade from Piper Jaffray after Q1 loss. Drops to $5.86 from 52-week high of $14.00.
Power-One (PWER) Wall Street Journal said management sold shares before bad news. Big loss from operations in last quarter from designer and manufacturer of power conversion products. Drops to $4.02 from 52-week high of $8.15.
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.
