Stocks Hitting 52-Week Lows
Pier 1 Imports (NYSE: PIR) shares fell 3.34% to reach a new 52-week low of $15.33. Deutsche Bank downgraded Pier 1 from Buy to Hold and lowered the price target from $24.00 to $18.00.
Coach (NYSE: COH) shares dropped 2.02% to touch a new 52-week low of $34.97 after a raft of analysts downgraded the company on a weak outlook.
CollabRx (NASDAQ: CLRX) shares reached a new 52-week low of $1.90 after the company priced 913,500 shares at $2 per share.
Beasley Broadcast Group (NASDAQ: BBGI) shares dropped 2.63% to touch a new 52-week low of $5.56. Beasley Broadcast shares have dropped 25.26% over the past 52 weeks, while the S&P 500 index has gained 20.14% in the same period.
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