The 52-Week Low Club for Tuesday
ThinkstockFebruary 10, 2015: Here are four stocks among the 71 equities making new 52-week lows today. Coupons.com Inc. (NYSE: COUP) dropped about 36% on Tuesday to post a new 52-week low of $9.24 after closing at $14.51 on Monday. The…
February 10, 2015: Here are four stocks among the 71 equities making new 52-week lows today.
Coupons.com Inc. (NYSE: COUP) dropped about 36% on Tuesday to post a new 52-week low of $9.24 after closing at $14.51 on Monday. The stock’s 52-week high is $33.00. Share volume was about 13-times the daily average of around 770,000 shares traded. The online coupon company missed revenue estimates last night and offered weak guidance.
Fifth Street Finance Corp. (NASDAQ: FSC)) dropped another 4.4% on Tuesday to establish a new 52-week low at $6.90 against a high of $10.20. The stock dropped 17% on Monday. Volume was about 5-times the daily average of around 1.4 million shares. The specialty lender to small- and medium-size businesses missed estimates Monday morning and lowered its monthly dividend by about a third. Barclays lost no time downgrading the stock today.
Pandora Media Inc. (NYSE: P) posted a new 52-week low on Tuesday. Shares dropped about 1.8% to $14.56 from Monday’s closing price of $14.82. The stock’s 52-week high is $40.44. Volume is about 10% below the daily average of around 6.8 million shares. The Internet radio company had no news today.
Amira Nature Foods Inc. (NASDAQ: ANFI) dropped about 25% on Tuesday to post a new 52-week low of $7.45. The stock’s 52-week high is $25.00. Volume was about 10-times the daily average of around 300,000 shares. The Dubai-based packaged specialty foods seller has been attacked by a short seller.
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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.