The 52-Week Low Club for Wednesday

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By Paul Ausick Updated Published
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February 18, 2015: Here are four stocks among the 37 equities making new 52-week lows today.

Fossil Group Inc. (NASDAQ: FOSL) dropped about 19.5% on Wednesday to establish a new 52-week low at $79.85 against a high of $121.45. Volume was about 14-times the daily average of around 800,000 shares. The watchmaker posted weak results last night, but the really bad news for Fossil today is the imminent introduction of the Apple Watch.

MedAssets Inc. (NASDAQ: MDAS) dropped more than 14% on Wednesday to post a new 52-week low of $17.01 after closing at $19.83 on Tuesday. The stock’s 52-week high is $26.06. Share volume was more than 8-times the daily average of around 400,000 shares traded. The technology provider for hospitals posted after offering weak guidance for 2015.

Knowles Corp. (NYSE: KN) posted a new 52-week low on Wednesday. Shares dropped about 1.3% to $17.09 from Tuesday’s closing price of $17.91. The stock’s 52-week high is $33.82. Volume is about 60% above the daily average of around 1.6 million shares. The technology products maker posted weak revenues and earnings last week and investors have not forgotten.

Armour Residential REIT Inc. (NYSE: ARR) dropped about 1.3% on Wednesday to post a new 52-week low of $3.07 after closing at $3.11 on Tuesday. The stock’s 52-week high is $4.46. Share volume was about 15% below the daily average of around 3.8 million shares traded. The real-estate investment trust took a downgrade to Underperform from Credit Suisse last week.

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Photo of Paul Ausick
About the Author Paul Ausick →

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.

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