Stocks Hitting 52-Week Lows

Marvell Technology Group Ltd (NASDAQ: MRVL) shares lost 2.38% to create a new 52-week low of $9.02. Analysts at Canaccord Genuity downgraded Marvell Technology from “buy” to “hold.”

Gevo (NASDAQ: GEVO) shares fell 9.11% to touch a new 52-week low of $1.94. Gevo's trailing-twelve-month ROE is -70.13%.

Dell (NASDAQ: DELL) shares dropped 1.50% to create a new 52-week low of $9.83. Shareholders of Quest Software (NASDAQ: QSFT) have approved takeover by Dell.

VeriFone Systems (NYSE: PAY) shares declined 6.83% to create a new 52-week low of $27.97. VeriFone shares have dropped 19.34% over the past 52 weeks, while the S&P 500 index has gained 25.24% in the same period.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.