Investing

52-Week Low Club (ALTU, SIL, CEG, COMV, EIX, ZINC, MIR, ZOLT)

Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows. Altus Pharmaceuticals (NASDAQ: ALTU) tanked after…

By Douglas A. McIntyre
Published August 12, 2008, 3:09pm ET · 1 min read

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Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows.

  • Altus Pharmaceuticals (NASDAQ: ALTU) tanked after Phase III cystic fibrosis tests failed to please on all fronts.
  • Apex Silver Mines (AMEX: SIL) fell nearly 40% after earnings disappointed.  At least they can use those mines for mushroom growth if they don’t find silver.

  • Constellation Energy (NYSE: CEG) Fell over $11.00 to new 52-week lows after an analyst raised more questions about the company.
  • Comverge (NASDAQ: COMV) fell on its sword after missing estimates and lowering targets on regulatory changes at a major client.
  • Edison International NYSE: EIX) hit another 52-week low after selling $400M in bonds.
  • Horsehead Holdings (NASDAQ: ZINC) hit new lows as earnings failedto give any inspiration.  Shares closed almost 5% under the prior rangeof $9.04 to $26.14.  With this stock name we could think of two newnicknames for the company, but we’ll be nice.
  • Mirant (NYSE: MIR) Followed Edison to join the wall of shame again down 2% under prior 52-week lows.
  • Zoltek Technologies (NASDAQ: ZOLT) was a shocker of an earningsdisappointment with wind power under question.  Shares fell to $15.52,well under the old $17.75 to $48.78 52-week range.

Jon C. Ogg
August 12, 2008

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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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