Market Overview

Stocks Hitting 52-Week Lows

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Rackspace Hosting (NYSE: RAX) shares fell 1.60% to reach a new 52-week low of $32.13. Rackspace Hosting shares have dropped 45.85% over the past 52 weeks, while the S&P 500 index has gained 19.69% in the same period.

Calix (NYSE: CALX) shares touched a new 52-week low of $7.175 after the company reported Q4 results.

Jive Software (NASDAQ: JIVE) shares declined 10.71% to touch a new 52-week low of $7.92 after the company issued a weak revenue forecast. Morgan Stanley downgraded the stock from Overweight to Equal-weight.

OXiGENE (NASDAQ: OXGN) shares reached a new 52-week low of $2 after the company announced a $12 million public offering.

Posted-In: 52-Week LowsNews Movers & Shakers Intraday Update Markets

 

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