52-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)

These are some of the more active stocks that were trading on new 52-week lows today:

• Avid Technology Inc. (NASDAQ:  AVID). Selling at lowest level since 2003 today at around $19.20 due to downgrades and poor outlook. The former low was $23.50. 
• Cerner Corp. (NASDAQ: CERN). This healthcare solutions company isn’t looking so healthy after disappointing quarter, although isn’t hasn’t spent the whole day trading under the 52-week low. 
• Digital River Inc. (NASDAQ: DRIV). Not meeting the street, the e-commerce company was trading at $30 at mid-day. The prior 52 week low was $32.
• Millipore Corp. (NYSE: MIL). Low sales lead to a new low. Trading at $64.61 at mid-day, the prior 52 week low was $64.90. 
• Netezza Corporation (NYSE: NZ). Was down over 8% at mid-day, this data warehouse appliance provider on somewhat of a head scratcher….
• Omnicell Inc. (NASDAQ: OMCL). Perhaps this medication control company needs to take a dose of its medicine as shares fall to as low as $17.61, although it is back above its prior low of $18.28 at mid-day. 
• Harris Interactive Inc. (NASDAQ: HPOL). Down 21% at mid-day after a disappointing earnings call. The prior low was $2.90.
• Fleetwood Enterprises Inc. (NYSE: FLE). This mobile home maker didn’t spend all day under the 52-week lows, but the weakness after yesterday’s earnings and a downgrade persisted. Apparently tornadoes aren’t the only ones that don’t like mobile homes.   
• Actuate Corp. (NASDAQ: ACTU). For a company that provides software for business intelligence, business isn’t looking too hot. Down 23% at mid-day $4.34, its prior low was $4.91.

Have a great weekend, particularly if you are doing Mardi Gras parties and the Super Bowl!

Rachel Lopez
February 1, 2008