The 52-Week Low Club for Thursday

down market
Source: Thinkstock
August 21, 2014: Among the nearly 40 stocks making new 52-week lows today were the following four firms: Inc. (NYSE: COUP) saw shares fall about 6.5% to a new 52-week low of $12.20 compared with the stock’s 52-week high is $33.00. Volume is about 4-times the daily average of around 470,000 shares traded. The company’s shares have posted a new low on each of the last three trading days as the fallout from its poor earnings report get worse.

Hercules Offshore Inc. (NASDAQ: HERO) dropped 6% on Thursday to post a new 52-week low of $13.10. The offshore driller reported yesterday that its backlog fell from 105 days in July to 85 days in August. Share volume is about 40% above the daily average of around 4.7 million.

King Digital Entertainment plc (NYSE: KING) dropped about 1.5% on Thursday to post a new 52-week low of $12.90. Volume is about 15% higher than the daily average of around 1.6 million shares. Zack’s downgraded the stock to a Strong Sell on Wednesday. The 52-week high is $23.48.

Stage Stores Inc. (NYSE: SSI) dropped about 7.7% to hit a new 52-week low of $17.08 today. The specialty retailer reported second-quarter earnings this morning, missing estimates and cutting its outlook. Share volume is more than 6-times average daily volume of around 230,000 shares. The stock’s 52-week high is $25.39..

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