The 52-Week Low Club for Monday
Altisource Portfolio Solutions SA (NASDAQ: ASPS) posted a new 52-week low on Monday of $30.72. Based on Friday night’s closing price of $47.54 that’s a drop of about 35%. The stock’s 52-week high is $164.92. Volume is about 5-times the daily average of around 480,000 share. The company’s board chairman, who was also the executive chairman at Ocwen, resigned this morning.
Finish Line Inc. (NASDAQ: FINL) dropped about 4% Monday after falling 22% on Friday to post a new 52-week low of $22.41. The stock’s 52-week high is $31.90. Volume rose to more than double the daily average of around 990,000 shares. The shoe retailer posted a quarterly loss and lowered its outlook Friday morning. The effects are lingering.
Ocwen Financial Corp. (NYSE: OCN) dropped more than 31% on Monday to post a new 52-week low of $15.04 after closing at $21.90 on Friday. The stock’s 52-week high is $56.82. Share volume is about 7-times the 3.3 million daily average shares traded. The company has agreed to pay a fine of $150 million and the company’s executive chairman was required to resign from Ocwen. He also resigned board seats at Altisource and other companies today.
SeaDrill Partners LLC (NYSE: SDLP) posted a drop of about 6.7% Monday after dropping to establish a new 52-week low at $14.60 against a high of $36.07. Volume was about equal to the daily average of around 570,000 shares. The company had no specific news again today.