The 52-Week Low Club for Friday
ThinkstockJanuary 9, 2015: Here are four stocks among the 113 equities making new 52-week lows today. Crocs Inc. (NASDAQ: CROX) posted a new 52-week low on Friday of $10.97. Based on Thursday night’s closing price of $11.82 that’s a drop…
January 9, 2015: Here are four stocks among the 113 equities making new 52-week lows today.
Crocs Inc. (NASDAQ: CROX) posted a new 52-week low on Friday of $10.97. Based on Thursday night’s closing price of $11.82 that’s a drop of about 7.2%. The stock’s 52-week high is $16.83. Volume is more than double the daily average of nearly 1 million shares. The company was downgraded from Overweight to Neutral at Piper Jaffray earlier this morning.
E2open Inc. (NASDAQ: EOPN) dropped about 41% on Friday to post a new 52-week — and all-time — low of $5.22. The stock’s 52-week high is $29.82. Volume was more than 10-times higher than the daily average of around 350,000 shares. The supply-chain software provider posted weak results on Thursday night and issued guidance that was below expectations.
Pandora Media Inc. (NYSE: P) dropped about 2.7% on Friday to post a new 52-week low of $16.00 after closing at $16.45 on Thursday. The stock’s 52-week high is $40.44. Share volume is nearly 70% below the daily average of around 7.2 million shares traded. The Internet radio company had no specific news today.
Transocean Ltd. (NYSE: RIG) dropped 2.9% on Friday to establish a new 52-week low at $15.80 against a high of $48.90. Volume was about 20% below the daily average of around 14.5 million shares. Falling crude oil prices continue hammering the offshore drilling stocks.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.