Stocks Hitting 52-Week Lows

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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.
Posted In: NewsMovers & ShakersIntraday UpdateMarkets52 Week Lows52-Week Lows
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