Stocks Hitting 52-Week Lows
Nu Skin Enterprises (NYSE: NUS) shares tumbled 22.62% to touch a new 52-week low of $44.82 after the company reported downbeat quarterly results and issued a weak forecast.
Rosetta Stone (NYSE: RST) shares reached a new 52-week low of $8.587 after the company reported Q2 earnings of $0.74 per share on revenue of $57.30 million.
Rocket Fuel (NASDAQ: FUEL) shares reached a new 52-week low of $18.01 after the company reported a Q2 loss of $0.11 per share on revenue of $92.60 million. Rocket Fuel also announced the acquisition of [x+1] for $230 million.
Cytori Therapeutics (NASDAQ: CYTX) shares dipped 21.90% to touch a new 52-week low of $1.64 after the company reported that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. Ascendiant Capital downgraded Cytori Therapeutics from Buy to Hold and removed the price target of $4.00.
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