Stocks Hitting 52-Week Lows

Targacept TRGT shares reached a new 52-week low of $2.90 after the company announced its plans to discontinue TC-5214 overactive bladder program. Education Management EDMC shares fell 9.93% to touch a new 52-week low of $1.27. Education Management shares have dropped 79.54% over the past 52 weeks, while the S&P 500 index has gained 17.38% in the same period. KaloBios Pharmaceuticals KBIO shares fell 17.62% to reach a new 52-week low of $1.59 after the company issued an update on KB001-A partnership and clinical status. OncoGenex Pharmaceuticals OGXI shares touched a new 52-week low of $2.96. OncoGenex is expected to report Q2 financial results on August 7, 2014.