Investing

The 52-Week Low Club (MNI)(BAC)(C)(MER)(GHS)(MI)(FRE)(FNM)

Fannie Mae (FNM) hit by rumors that it and Freddie Mac may have to raise $75 billion. Drops to $14.65 from 52-week high of $70.57. Freddie Mac (FRE) sells down to $10.28 from 52-week high of $67.20. Marshall & Ilsley…

By Douglas A. McIntyre
Published July 7, 2008, 2:50pm ET · 1 min read

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Fannie Mae (FNM) hit by rumors that it and Freddie Mac may have to raise $75 billion. Drops to $14.65 from 52-week high of $70.57.

Freddie Mac (FRE) sells down to $10.28 from 52-week high of $67.20.

Marshall & Ilsley (MI) Analyst predicts loss for company. Dips to $12.24 from 52-week high of $48.37.

Gatehouse (GHS) The plight of debt-laden newspapers gets worse. Sells off to $2.13 from 52-week high of $19.10.

Merrill Lynch (MER) may have to raise more money. Moves down to $29.84 from 52-week high of $89.23.

Citigroup (C) hits a new low almost every day. Drops to $15.80 from 52-week high of $52.97.

Bank of America (BAC) gets sucked under by sell-off in financials. Dips to $21.10 from 52-week high of $52.96.

McClatchy (MNI) Another newspaper company hits bottom at $5.11 from 52-week high of $28.73.

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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