Investing

The 52-Week Low Club for Wednesday

Paul Ausick

August 6, 2014: Stocks making new 52-week lows today included the following four firms.

Rocket Fuel Inc. (NASDAQ: FUEL) saw shares fall to a new 52-week low of $17.42 after cutting its outlook when it reported earnings after markets closed last night. The stock’s post-IPO high is $71.89. The stock traded more than 6-times its daily average number of shares today, with nearly 5 million shares changing hands. Shares were trading down about 29.5% in the last hour of trading Wednesday.

Nu Skin Enterprises Inc. (NYSE: NUS) posted a new 52-week low of $43.50 on Wednesday and was down nearly 20% in the last hour of the day’s session. The 52-week high is $140.50. The company expects that rebuilding its multi-level marketing business in China is going to be slow. The statement also dropped peer Herbalife Ltd. (NYSE: HLF) to a new 52-week low. Nu Skin’s share volume was more than 10-time its daily average.

Sprint Corp. (NYSE: S) traded down nearly 19% in the last hour of trading on Monday after the company said it was withdrawing from acquisition talks with T-Mobile US Inc. (NYSE: TMUS). The stock’s new 52-week range is $5.83 to $11.47.

Scientific Games Corp. (NASDAQ: SGMS) dropped about 11% today and posted a new 52-week low of $7.37. The 52-week high is $19.48. After agreeing last Friday to acquire competitor Bally Technologies Inc. (NYSE: BYI) for about $5.1 billion in cash and assumed debt the slot-machine maker’s shares have lost nearly 30% of their value.

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