Investing
52-Week Low Club (T, CCE, CHB, EBAY, GGC, GLBL, IGT, PAA, RRI, SGLP, TXT, VCLK)
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We’ve had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo. Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image).
Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows. One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows. Some will continue hitting new lows over and over.
Below are some of the companies whose stocks hit new 52-week lows today:
As a reminder, not all of these have closed on fresh 52-week lows butthese were among the more active stocks today that hit fresh lows overthe last year.
Jon C. Ogg
July 17, 2008
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