The 52-Week Low Club for Friday
ThinkstockSeptember 5, 2014: Among the 68 stocks making new 52-week lows today were the following companies: Anthera Pharmaceuticals Inc. (NASDAQ: ANTH) dropped about 2.3% on Friday to a new 52-week low of $2.33. Share volume is about equal to the…
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September 5, 2014: Among the 68 stocks making new 52-week lows today were the following companies:
Anthera Pharmaceuticals Inc. (NASDAQ: ANTH) dropped about 2.3% on Friday to a new 52-week low of $2.33. Share volume is about equal to the daily average of around 127,000. The stock’s 52-week high is $4.26. There was no news on the company today.
Finisar Corp. (NASDAQ: FNSR) dropped about 5.7% today to post a new 52-week low of $17.33 compared with the stock’s 52-week high of $28.85. The networking company got two downgrades this morning after reporting earnings last night and guiding below consensus for the current quarter. Trading volume was about 3-times the daily average of around 2.6 million shares.
Par Petroleum Corp. (NYSEMKT: PARR)) dropped about 22% today to post a new 52-week low of $14.00. Share volume was about 10-times the average daily volume of around 53,000 shares and the 52-week high is $25.00. The company is losing a contract to supply oil to a Hawaii electricity provider from its Oahu refinery.
Quicksilver Inc. (NYSE: ZQK) dropped about 33% today to post a new 52-week low of $1.88. Volume is nearly 10-times the daily average of around 2.9 million shares. The apparel maker missed estimates when it reported earnings last night. The stock’s 52-week high is $9.29.
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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.