The 52-Week Low Club for Friday
ThinkstockAugust 15, 2014: Stocks making new 52-week lows today included the following four firms. Chico’s FAS Inc. (NYSE: CHS) saw shares fall 2% to a new 52-week low of $14.80 on no news Friday. Since announcing second-quarter earnings on Monday…
August 15, 2014: Stocks making new 52-week lows today included the following four firms.
Chico’s FAS Inc. (NYSE: CHS) saw shares fall 2% to a new 52-week low of $14.80 on no news Friday. Since announcing second-quarter earnings on Monday the restaurant stock has dropped more than 4% and dipped very sharply this morning.
Mattel Inc. (NYSE: MAT) dropped just 1% on Friday to post a new 52-week low of $34.80. The stock’s 52-week high is $47.94. Estimates for current quarter earnings and revenues are slipping after the company reported weak numbers earlier this month on declining sales of Barbie toys. Shares are down nearly 10% in the past 30 days.
Penn West Petroleum Ltd. (NYSE: PWE) dropped about 2% on Friday to post a new 52-week low of $6.97. Volume is about 40% above the daily average of around 2.2 million shares traded, and the stock’s 52-week high is $12.07. The independent oil & gas company has been hammered since it announced an internal review of its accounting practices and its decision to restate some financial statements.
Seventy Seven Energy Inc. (NYSE: SSE) dropped about 5% to post a new post-IPO low of $21.89 in the early afternoon today. The mid-June spin-off from Chesapeake Energy Inc. (NYSE: CHK) had no news today, and the post-IPO high on the stock is $28.34.
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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.