Stocks Hitting 52-Week Lows

Fusion-io 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 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 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 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.