52-Week Low Club (AA, BT, CVC, CECO, CSCO, CLWR, CPWR, CSC, COCO, EBAY, ELOY, ENER, ESI, MOT)

January 22, 2008 by Douglas A. McIntyre

These are not at all the only stocks we saw hitting 52-week lows.  These are the main names we follow that closed lower and that challenged their 52-week lows:

  • ALCOA (AA) opened at new 52-week lows but managed to close above the low; down almost 1% today.
  • BT Group (PLC) down almost 8% after U.K. markets were open yesterday and we weren’t.
  • Boeing (BA) opened at new 52-week lows but managed to close above the low; still -1% today.
  • Cablevision (CVC)… I bet Mr. Gabelli wants that old Dolan buyout offer now.
  • Career Education (CECO) down 14% after Sallie Mae terminated its loan program, ouch.
  • Cisco Systems (CSCO) down 3.6% more… so much for enterprise tech spending?
  • Clearwire (CLWR) down almost 8% to $11.48…post-IPO lows.
  • Compuware (CPWR) down 4% to $6.38, after only announcing its earnings date.
  • Computer Science Corp. (CSC) closed barely under the $38.65 prior low at $38.61.
  • Corinthian Colleges (COCO) fell 30% after Sallie Mae terminated its loan program.
  • eBay (EBAY) on Meg Whitman leaving; earnings tomorrow.
  • eLoyalty (ELOY) down 8% to $9.02; prior low $9.48.
  • Energy Conversion Devices (ENER) down 6% and barely managed to close above 52-week lows on a weak alternative energy sector.

….And that is just through the majors starting with "E".

  • ITT Education Serivces (ESI) down 15% after Sallie Mae terminated loan programs.
  • Motorola (MOT) still losing ground despite Icahn’s efforts…. guess who is a huge Sprint Nextel wireless phone supplier?

Jon C. Ogg
January 22, 2008

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