The 52-Week Low Club for Monday
October 6, 2014 by Paul Ausick
RetailMeNot Inc. (NASDAQ: SALE) dropped about 3.6% Monday to a new 52-week low of $15.52. Share volume is about 50% lower than the daily average of around 1.4 million. The stock’s 52-week high is $48.73. The digital coupon marketplace’s stock was hammered when it reported second quarter earnings in August and missed revenue expectations. Shares have never recovered and the stock price continues to slide.
SFX Entertainment Inc. (NASDAQ: SFXE) dropped nearly 8.8% today to post a 52-week — and all-time — low of $4.38. The stock’s 52-week high is $13.39, set on the stock’s IPO date of October 9th last year. The electronic dance music concert promoter issued $75 million in second lien unsecured loans last week at 9.625%. SFX stock is down more than 60% since its IPO. Trading volume is about double the daily average of around 500,000 shares traded.
SodaStream International Ltd. (NASDAQ: SODA) sank to a new 52-week low on Monday of $27.44. Based on Friday night’s closing price of $28.90 that’s a drop of more than 5%. The stock’s 52-week high is $66.80. Trading volume is about 30% lower than the daily average of around 1.1 million shares. The company had no specific news today.
Zynga Inc. (NASDAQ: ZNGA) posted a drop of about 3.8% today to a new 52-week low of $2.52 against a 52-week high of $5.89. Volume is about 25% below the daily average of around 19 million shares. The company had no news today. This is the second time in the last three trading days that Zynga has posted a new low.
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