The 52-Week Low Club for Thursday
October 23, 2014 by Paul Ausick
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.
ALSO READ: America’s Poorest Cities
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.