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..
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.