Investing

The 52-Week Low Club for Monday

down market
Source: Thinkstock
August 11, 2014: Stocks making new 52-week lows today included the following four firms.

Demand Media Inc. (NASDAQ: DMD) saw shares fall nearly 8% to a new split-adjusted 52-week low of $8.99 Monday morning. The company completed a spin-off of its Rightside Group Ltd. last Monday and immediately enacted a 1-for-five reverse stock split of its outstanding and treasury shares of common stock. The stock continues to drift lower.

ChannelAdvisor Corp. (NYSE: ECOM) dropped about 3% on Monday to post a new 52-week low of $15.75. The 52-week high is $49.90. The company reported slightly better than expected earnings last week, but the top end of the full year revenue forecast is a bit below a consensus estimate and third quarter revenue guidance is just barely above the current estimate.

Noodles & Co. (NASDAQ: NDLS) traded down about 2.3% on Monday to post a new 52-week low of $26.26. Volume is about double the daily average of about 226,000 shares traded, and the 52-week high is $49.75. There was no news on the company today, but the recent IPO of El Pollo Loco Holdings Inc. (NASDAQ: LOCO) indicated where the restaurant business is strong and where it is not. After a burst of enthusiasm following the company’s July 2013 IPO, Noodles & Co. shares have been sinking fairly steadily since October.

TRI Pointe Homes Inc. (NYSE: TPH) dropped about 2% to post a new 52-week low of $12.90 in the mid-morning today. The stock climbed to a 52-week high of $20.29 in early January and is down 34% year-to-date. Short interest in the stock hit a peak of about 15.9 million at the end of June and fell by 38% in the next two weeks to around 9.8 million shares short.

ALSO READ: 4 Hot IPOs Remaining During August

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.