The 52-Week Low Club for Wednesday
Cloud Peak Energy Inc. (NYSE: CLD) dropped 2.6% on Wednesday following an announcement Tuesday afternoon that the company is lowering its coal shipment forecast for both 2014 and 2015. The new 52-week low is $14.06. Share volume is about double the daily average of around 780,000. The stock’s 52-week high is $22.43. The company’s CEO said coal prices are “unsustainably low.”
IRadimed Corp. (NASDAQ: IRMD) dropped nearly 40% today to post a new 52-week low of $6.26 compared with the stock’s 52-week high of $13.60. The maker of MRI-compatible products said late Tuesday that it had received a warning letter from the U.S. FDA. related to its infusion pumps which the FDA clams have been both “adulterated” and “misbranded” following company-issued software updates.
Millenial Media Inc. (NYSE: MM) dropped more than 7% today to post a new 52-week low of $2.19. Share volume was about equal to the average daily volume of around 1.7 million shares and the 52-week high is $8.44. The mobile advertising platform provider’s stock has dropped nearly 12% in the last five trading sessions.
Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH) dropped about 5% today to post a new post-IPO low of $5.43. Volume is nearly 30% higher than the daily average of around 270,000 shares. The sporting goods retailer will report second-quarter results next Thursday. The stock’s 52-week high is $11.00.