The 52-Week Low Club for Monday
ThinkstockMay 11, 2015: Here are four stocks among the 41 equities making new 52-week lows today. Xerox Corp. (NYSE: XRX) dropped about 1.7% on Monday to post a new 52-week low of $11.18 after closing at $11.37 on Friday. The…
May 11, 2015: Here are four stocks among the 41 equities making new 52-week lows today.
Xerox Corp. (NYSE: XRX) dropped about 1.7% on Monday to post a new 52-week low of $11.18 after closing at $11.37 on Friday. The stock’s 52-week high is $14.36. Share volume was about 50% above the daily average of around 9 million shares traded. The company had no specific news today.
Windstream Holdings Inc. (NASDAQ: WIN) dropped about 6.1% on Monday to post a new 52-week low of $8.62 after closing at $9.18 on Friday. The stock’s 52-week high is $20.84. Share volume was about 25% higher than the daily average of around 8 million shares traded. The stock posts a third-consecutive low surrounding its earnings report on Thursday.
MannKind Corp. (NASDAQ: MNKD) dropped about 7.9% on Monday to post a new 52-week low of $3.51 against a 52-week high of $11.48. The stock closed at $3.81 on Friday night. Volume was more than 60% above the daily average of around 5.4 million shares. The drug maker got smacked with a downgrade from analysts at J.P. Morgan this morning.
Plug Power Inc. (NASDAQ: PLUG) posted a new 52-week low on Monday. Shares dropped about 4.5% to $2.32 from Friday’s closing price of $2.43. The stock’s 52-week high is $6.47. Volume was nearly triple the daily average of around 3.5 million shares. The company posted much-lower-than-expected first-quarter revenue this morning, but shares spent little time in negative territory on their way to close nearly 5% higher than on Friday.
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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.