October 23, 2014: Here are four stocks among the 62 equities making new 52-week lows today.
Allied Nevada Gold Corp. (NYSEMKT: ANV) dropped about 4.3% today to post a new 52-week low of $2.25. The stock’s 52-week high is $6.70. Gold dropped 1.3% today, and we could have picked almost any of the gold mining companies for today’s list. Trading volume is about 40% below the daily average of around 2.7 million shares traded.
Cabela’s Inc. (NYSE: CAB) dropped about 16% on Thursday to a new 52-week low of $48.75 after closing at $57.94 on Wednesday evening. Share volume is more than 8-times the daily average of around 825,000. The sporting goods retailer missed estimates this morning and same-store sales fell 11% year-over-year.
Cosan Ltd. (NYSE: CZZ) posted a drop of 3.4% today to post a new 52-week low of $9.65 against a 52-week high of $16.26. Volume is more than double the daily average of around 1.4 million shares. The Brazil-based ethanol maker had no news today, but continue to trade below $2 a gallon in the U.S..
Proto Labs Inc. (NYSE: PRLB) sank to a new 52-week low on Thursday of $54.97. Based on Wednesday night’s closing price of $69.37 that’s a drop of about 21%. The stock’s 52-week high is $94.23. Trading volume is approaching 10-times the daily average of around 290,000 shares. The prototyping service missed estimates this morning and its 3D printing service revenue from its Fineline acquisition totaled $3.4 million, up 38% for Fineline before the April 2014 acquisition.