The 52-Week Low Club for Wednesday
ThinkstockAugust 20, 2014: Among the more than 30 stocks making new 52-week lows today were the following four firms: Angie’s List Inc. (NASDAQ: ANGI) saw shares fall nearly 3% to a new 52-week low of $7.68 compared with the stock’s…
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August 20, 2014: Among the more than 30 stocks making new 52-week lows today were the following four firms:
Angie’s List Inc. (NASDAQ: ANGI) saw shares fall nearly 3% to a new 52-week low of $7.68 compared with the stock’s 52-week high is $25.18. Volume is about 40% below the daily average of 1.3 million shares traded. The company’s shares were downgrade by several firms in late July following a disappointing earnings report. It appears the carnage is not yet at an end.
Rocket Fuel Inc. (NASDAQ: FUEL) dropped 2.5% on Wednesday to post a new 52-week low of $14.82. Two weeks ago the stock made our list when it’s share price dropped to $17.42. Since then the stock has shaved off another 15%. On August 5th shares closed at $24.75 and down about 42% since that date.
Vapor Corp. (NASDAQ: VPCO) dropped more than 18% on Wednesday to post a new 52-week low of $2.13. Volume is about 6-times greater than the daily average of around 120,000 shares traded on a stock that left the OTC market in late May. The maker of e-cigarettes has had a tough go since early June, with shares dropping about 25% when the company reported results on August 13th. The 52-week high is $10.00.
Xunlei Ltd. (NASDAQ: XNET) dropped more than 12% to hit a new 52-week low of $9.96 today. The Chinese maker of Internet acceleration products is 40%-owned by smartphone maker Xiaomi and is scheduled to report second-quarter earnings tomorrow morning. The share price has tumbled steadily for the past two weeks.
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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.
