The 52-Week Low Club for Thursday
Castlight Health Inc. (NYSE: CSLT) dropped about 31% on Thursday to establish a new 52-week low at $6.54 against a high of $41.95. Volume was about 15-times the daily average of around 500,000 shares. The software company’s stock cut from Buy to Hold at Canaccord Genuity this morning, and the price target got slashed from $18 to $10 a share.
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) dropped about 5.8% on Thursday to post a new 52-week low of $51.63 after closing at $58.83 on Wednesday. The stock’s 52-week high is $124.42. Share volume was about double the daily average of around 2.4 million shares traded. The China-based Internet and mobile services company was downgraded from Buy to Hold at Jefferies yesterday and the price target was snipped to $67 a share.
Gulfmark Offshore Inc (NYSE: GLF) posted a new 52-week low on Thursday. Shares dropped about 6.5% to $16.15 from Wednesday’s closing price of $17.28. The stock’s 52-week high is $50.70. Volume is about double the daily average of around 700,000 shares. The offshore services provider for oil & gas exploration and production companies fell 9% on Wednesday after the company reported quarterly results.
The KEYW Holding Corp. (NASDAQ: KEYW) dropped about 18.3% on Thursday to post a new 52-week low of $8.08 after closing at $9.90 on Wednesday. The stock’s 52-week high is $23.09. Share volume was more than 4-times the daily average of around 365,000 shares traded. The cybersecurity company reported a net loss on Wednesday and the stock was downgraded by at least two analysts on Thursday.