The 52-Week Low Club for Wednesday
SodaStream International Ltd. (NASDAQ: SODA) dropped about 11% on Wednesday to establish a new 52-week low at $16.80 against a high of $47.30. Volume was about 6-times the daily average of around 500,000 shares. The home beverage dispenser maker posted weak revenues this morning and the stock was punished.
500.com Ltd. (NYSE: WBAI) posted a new 52-week low on Wednesday. Shares dropped nearly about 26% to $9.55 from Tuesday’s closing price of $12.83. The stock’s 52-week high is $54.00 Volume is more than 6-times the daily average of around 800,000 shares. Shares of the China-based online sports lottery service sank after the company reported that online sales had been suspended temporarily by some provincial governments.
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) dropped about 4.3% on Wednesday to post a new 52-week low of $49.15 after closing at $51.38 on Tuesday. The stock’s 52-week high is $124.42 Share volume was about 40% higher than the daily average of around 2.5 million shares traded. The China-based Internet and mobile services company had no specific news today.
MagnaChip Semiconductor Corp. (NYSE: MX) dropped about 1.3% on Wednesday to post a new 52-week low of $5.42 after closing at $5.49 on Tuesday. The stock’s 52-week high is $15.72. Share volume was nearly 3-times the daily average of around 600,000 shares traded. The chipmaker restated results last week, leading to a downgrade, and general dissatisfaction with the stock..