Stocks Hitting 52-Week Lows

Post Holdings POST shares touched a new 52-week low of $33.80 after the company reported a Q3 loss of $0.30 per share on revenue of $633.0 million. The company also announced its plans to acquire American Blanching Company. SunTrust Robinson Humphrey downgraded Post Holdings from Buy to Hold and lowered the price target from $70.00 to $45.00. Sotheby's BID shares tumbled 11.97% to reach a new 52-week low of $35.82 after the company reported weaker-than-expected second-quarter earnings. Volcano VOLC shares dipped 19.84% to reach a new 52-week low of $12.65 on Q2 results. The company reported Q2 earnings of $0.01 per share on revenue of $102.60 million. Volcano announced its plans to divest its Axsun Technologies subsidiary and also announced the litigation settlement agreement with St. Jude Medical STJ. Oppenheimer downgraded Volcano from Outperform to Market Perform and lowered the price target from $22.00 to $15.00. Marrone Bio Innovations MBII shares fell 42.45% to touch a new 52-week low of $5.49 after the company reported Q2 results and announced the resignation of its COO. Piper Jaffray downgraded Marrone Bio Innovations from Overweight to Neutral and lowered the price target from $19.00 to $11.00.