Stocks Hitting 52-Week Lows
Natural Resource Partners LP (NYSE: NRP) shares fell 15.19% to reach a new 52-week low of $17.25. Natural Resource Partners expected FY14 earnings of $1.10 to $1.30 per share and lowered its quarterly distribution from $0.55 per share to $0.35 per share.
Sears Holdings (NASDAQ: SHLD) shares declined 15.86% to touch a new 52-week low of $35.82 after the company reported a 7.4% drop in same-store sales at Kmart and Sears for the nine-week period ended January 6. The department store expected to post a loss for the fourth quarter and full year.
Sears Hometown and Outlet Stores (NASDAQ: SHOS) shares dropped 3.95% to touch a new 52-week low of $21.91. Sears Hometown shares have dropped 34.87% over the past 52 weeks, while the S&P 500 index has gained 24.87% in the same period.
Fairway Group Holdings (NASDAQ: FWM) shares fell 1.96% to reach a new 52-week low of $15.04. Fairway Group's PEG ratio is -0.24.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.