The 52-Week Low Club for Tuesday
Aruba Networks Inc. (NASDAQ: ARUN) dropped about 4.3% on Tuesday to post a new 52-week low of $15.93 after closing at $16.65 on Tuesday. The stock’s 52-week high is $23.90. Share volume was about 20% above the daily average of around 1.9 million shares traded. The networking company’s price target was cut from $27 to $22 today at Pacific Crest Securities.
Green Dot Corp. (NYSE: GDOT) dropped about 7.3% on Tuesday to post a new 52-week low of $13.87. The stock’s 52-week high is $24.47. Volume was about 6-times the daily average of around 580,000 shares. Last week the company reported an operating loss and an investor presentation posted today did not put doubts to rest.
Stratasys Ltd. (NASDAQ: SSYS) dropped nearly 36% on Tuesday to establish a new 52-week low at $51.55 against a high of $131.09. Volume was close to 20-times the daily average of around 1.4 million shares. The 3D printer maker warned on earnings after markets closed on Monday. Competitors are posting new lows today as well.
Vivus Inc. (NASDAQ: VVUS) posted a new 52-week low on Tuesday of $2.44. Based on Monday night’s closing price of $2.57 that’s a drop of about 5%. The stock’s 52-week high is $7.23. Volume is about equal to the daily average of around 2 million shares. The biopharmaceutical company had no specific news today.