Stocks Hitting 52-Week Lows
Fusion-io (NYSE: FIO) shares tumbled 23.69% to reach a new 52-week low of $9.90 after the company posted a FQ1 loss and issued a weak revenue forecast for the current quarter. JP Morgan downgraded the stock from Neutral to Underweight.
Double Eagle Petroleum Co (NASDAQ: DBLE) shares fell 0.35% to touch a new 52-week low of $2.85. Double Eagle Petroleum shares have dropped 42.80% over the past 52 weeks, while the S&P 500 index has gained 23.97% in the same period.
Wi-Lan (NASDAQ: WILN) shares tumbled 27.34% to touch a new 52-week low of $2.87 after the company provided a financial update.
Panera Bread Company (NASDAQ: PNRA) shares reached a new 52-week low of $151.78 after analysts at Deutsche Bank downgraded the stock from Buy to Hold and lowered the target price from $185 to $145.
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