Today’s 52-Week Low Club
ThinkstockJuly 30, 2014: Stocks making new 52-week lows today included the following four firms. Ally Financial Inc. (NYSE: ALLY) shares fell to a new post-IPO low of $23.00 after reporting earnings on Tuesday that beat expectations. Shares dropped 2% yesterday…
July 30, 2014: Stocks making new 52-week lows today included the following four firms.
Ally Financial Inc. (NYSE: ALLY) shares fell to a new post-IPO low of $23.00 after reporting earnings on Tuesday that beat expectations. Shares dropped 2% yesterday and another 1.7% as of late this afternoon. The stock’s post-IPO high is $27.90. The former General Motors Co. (NYSE: GM) finance arm came public in April at $24.50 a share.
Credit Suisse Group AG (NYSE: CS) posted a new 52-week low of $27.49 on Wednesday. The 52-week high is $33.98 and shares traded down about 0.7% today. There was no significant news on the company although the bank said yesterday that it was getting more questions about dark pool trading activities.
DreamWorks Animation SKG Inc. (NASDAQ: DWA) traded down about 12% today and the stock posted a new 52-week low of $19.20. The 52-week high is $36.01. After posting lower-than-expected earnings last night the company said the U.S. Securities and Exchange Commission is looking into an inventory writedown.
EXCO Resources Inc. (NYSE: XCO) dropped nearly 7% today and posted a new 52-week low of $4.53. The 52-week high is $8.90. The company reported lower-than-expected earnings this morning. Volume is nearly 3-times the daily average of about 4.5 million shares traded.
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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.