Investing

The 52-Week Low Club for Friday

down market
Source: Thinkstock
November 21, 2014: Here are four stocks among the 46 equities making new 52-week lows today.

MOL Global Inc. (NASDAQ: MOLG) dropped more than 51% today to post a new 52-week — and all-time — low of $4.29. The stock’s 52-week high is $11.14. Volume is about 8-times the daily average of around 580,000 shares. The Malaysia-based southeast Asian e-payment company came public in mid-October and has since then delayed releasing its financial statements and seen its CFO resign.

Renren Inc. (NYSE: RENN) dropped nearly 10.5% on Friday to post a new 52-week low of $2.65 after closing at $2.96 on Thursday evening. The stock’s 52-week high is $4.79. Share volume is more than double the 870,000 daily average shares traded. The Chinese social networking company reported disappointing results on Thursday.

Solazyme Inc. (NASDAQ: SZYM) posted a drop of about 8.2% today to post a second-consecutive new 52-week — and all-time — low of $2.67 against a 52-week high of $15.00. Volume is about 50% above the daily average of around 1.8 million shares. The biofuels maker announced on Thursday that the chairman of the board’s audit committee will resign by the end of the year. The company’s troubles in Brazil continue to plague the stock.

Voxeljet AG (NYSE: VJET) posted a new 52-week — and all-time — low on Friday of $11.30. Based on Thursday night’s closing price of $11.99 that’s a drop of about 5.8%. The stock’s 52-week high is $47.98. Trading volume is about double the daily average of around 310,000 shares. The Germany-based 3D printer maker had no specific news today.

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