Stocks Hitting 52-Week Lows
Hercules Offshore (NASDAQ: HERO) shares reached a new 52-week low of $4.95. Global Hunter downgraded the stock from Buy to Neutral and cut the price target from $12.00 to $6.00.
Cleveland BioLabs (NASDAQ: CBLI) shares tumbled 34.67% to touch a new 52-week low of $0.74 as the company reported that BARDA has terminated negotiations related to its proposal for further development of Entolimod.
CenturyLink (NYSE: CTL) shares touched a new 52-week low of $29.37. CenturyLink shares have dropped 26.43% over the past 52 weeks, while the S&P 500 index has gained 23.42% in the same period.
American Eagle Outfitters (NYSE: AEO) shares fell 9.24% to reach a new 52-week low of $12.99 after the company reported that its CEO Robert Hanson is leaving the company. Stifel Nicolaus downgraded the stock from Buy to Hold.
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