Investing

The 52-Week Low Club

Newmont Mining (NEM) Still hurting from Moody’s downgrade. Off to $38.64 from 52-week high of $56.50. McClatchy (MNI) Has been off the lost for some time, but back now due to awful April newspaper ad numbers. Down to $28.10 from…

By Douglas A. McIntyre
Published May 22, 2007, 3:03pm ET · 1 min read

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Newmont Mining (NEM) Still hurting from Moody’s downgrade. Off to $38.64 from 52-week high of $56.50.

McClatchy (MNI) Has been off the lost for some time, but back now due to awful April newspaper ad numbers. Down to $28.10 from 52-week high of $47.54.

NetBank (NTBK) Friedman, Billings, Ramsey downgrades stock and says it will be "worthless". Nice take. Shares fall further to $.34 from 52-week high of $6.90.

Kongzhong (KONG) Chinese wireless company provided a second-quarter revenue forecast below current Wall Street estimates. Killed, dropping to $5.40 from 52-week high of $14.

Xinhua Fin Media (XFML) Still dropping on fall-out from Barron’s story. CFO leaves. So do key employees at proxy operation Glass Lewis. Bad day for China-based companies. Falls to $7.03 from high of $13. Only public since March. Nice work.

United Natural Foods (UNFI) Natural and organic foods distributor lowers fiscal year guidance. Down to $27.05 from $38.40.

Douglas A. McIntyre

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Douglas A. McIntyre

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.

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