Market Overview

Stocks Hitting 52-Week Lows

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The Container Store Group (NYSE: TCS) shares reached a new 52-week low of $23.75 after the company reported a wider-than-expected fiscal first-quarter loss and issued a downbeat forecast for full year 2014.

Gigamon (NYSE: GIMO) shares touched a new 52-week low of $12.20 after the company warned that second-quarter revenue will fail to meet expectations. Goldman Sachs downgraded Gigamon from Buy to Neutral and lowered the target price from $29 to $14.

Silicon Image (NASDAQ: SIMG) shares reached a new 52-week low of $4.69 after the company lowered its Q2 revenue forecast.

Aegerion Pharmaceuticals (NASDAQ: AEGR) shares touched a new 52-week low of $28.482. Aegerion Pharma announced that on July 1, 2014, Aegerion granted stock options under the inducement stock option program.

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

 

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