The 52-Week Low Club for Friday
ThinkstockMay 1, 2015: Here are four stocks among the 88 equities making new 52-week lows today. Three of the four are repeats from yesterday’s list. Nokia Corp. (NYSE: NOK) dropped another 1.8% on Friday to post a new 52-week low…
May 1, 2015: Here are four stocks among the 88 equities making new 52-week lows today. Three of the four are repeats from yesterday’s list.
Nokia Corp. (NYSE: NOK) dropped another 1.8% on Friday to post a new 52-week low of $6.46 against a high of $8.73. The stock closed at $6.58 on Thursday night and has fallen by nearly 13.8% in the past two days. Volume was about 15% above the daily average of around 26 million shares. Investors and analysts remain concerned about the network division where profits fell by 60% in the first quarter.
Yelp Inc. (NYSE: YELP) dropped another 2.2% on Friday to add to Thursday’s 24% drop and post a new 52-week low of $38.54 after closing at $39.39 on Thursday. The stock’s 52-week high is $86.88. Share volume was about 30% above the daily average of around 3.6 million shares traded. The local business business guide company missed estimates Wednesday night on its local advertising revenue and the stock is taking a serious beating.
MannKind Corp. (NASDAQ: MNKD) dropped about 3.5% on Friday to post a new 52-week low of $4.14 after closing at $4.29 on Thursday. Shares dropped 7.6% on Wednesday as well. The stock’s 52-week high is $11.48. Share volume was about 20% below the daily average of around 5.4 million shares traded. The company’s insulin inhaler got off to a slow start and shares have gotten hit over the past two days.
Zulily Inc. (NASDAQ: ZU) also posted a new 52-week low on Friday. Shares dropped 2.8% to $12.12 from Thursday’s closing price of $12.47. The stock’s 52-week high is $50.39. Volume was about 40% below the daily average of around 2.6 million shares. The company had no news today.
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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.