Source: Thinkstock
Zynga Inc. (NASDAQ: ZNGA) dropped more than 17% on Friday to post a new 52-week low of $2.20 after closing at $2.66 on Thursday. The stock’s 52-week high is $5.89. Share volume was nearly 7-times the daily average of around 12 million shares traded. The social media gaming company missed revenue estimates on Thursday and shares got punished on Friday.
American Express Co. (NYSE: AXP) dropped about 3.4% on Friday to establish a new 52-week low at $77.72 against a high of $96.24. Volume was more than 6-times the daily average of around 5 million shares. The financial services company lost its exclusive deal with Costco yesterday.
MagnaChip Semiconductor Corp. (NYSE: MX) posted a new 52-week low on Friday. Shares dropped more than 57% to $6.40 from Thursday’s closing price of $15.02. The stock’s 52-week high is $16.48. Volume is equal to more than 60-times the daily average of around 222,000 shares. The Korea-based chipmaker complete a refiling of several annual reports and was downgraded by Topeka Capital Markets.
Zulily Inc. (NASDAQ: ZU) dropped about 3.2% on Friday to post a new 52-week low of $14.06 after closing at $14.52 on Thursday. The stock’s 52-week high is $73.50. Share volume was about 3-times the daily average of around 1.8 million shares traded. The online retailer reported lower-than-expected earnings and gave weak guidance after markets closed Wednesday.
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