Investing

Today’s 52-Week Low Club

ThinkstockJuly 28, 2014: Stocks making new 52-week lows today include three healthcare firms and one shipping company. The lows given below were set today. Cerulean Pharma Inc. (NASDAQ: CERU) held its initial public offering (IPO) in April and the stock’s…

By Paul Ausick
Published July 28, 2014, 4:05pm ET · 2 min read

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down market

Thinkstock
July 28, 2014: Stocks making new 52-week lows today include three healthcare firms and one shipping company. The lows given below were set today.

Cerulean Pharma Inc. (NASDAQ: CERU) held its initial public offering (IPO) in April and the stock’s post IPO range is $4.10 to $8.06. Shares tumbled 20% in mid-June and have been on a steady slide since then. Shares were trading down more than 10% today on no news.

Semler Scientific Inc. (NASDAQ: SMLR) held its IPO in February and its share price is down about 47% since the offering. The post-IPO range is $2.75 to $7.25. The stock was downgraded from Buy to Hold today at Aegis Capital, which initiated coverage on the share with a Buy rating about six weeks ago. Shares were down nearly 20% today.

Rock Creek Pharmaceuticals Inc. (NASDAQ: RCPI) changed its name and ticker symbol earlier this month from Star Scientific Inc. (STSI) but that has not helped the shares which have traded below $1 for most of 2014. The stock’s 52-week, range is $0.40 to $2.59. Shares traded down about more than 16% today.

NewLead Holdings Ltd. (NASDAQ: NEWL) held a 1-for-50 reverse stock split effective July 15th in an effort to boost the share price above a dollar. The shipping company had no news today, but the shares fell more than 10% to a new 52-week low of $0.66. The 52-week high is not meaningful.

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Paul Ausick

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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