Stocks Hitting 52-Week Lows

SeaDrill SDRL shares fell 18.25% to touch a new 52-week low of $16.93 on weak earnings and suspension of dividend. ReneSola SOL shares reached a new 52-week low of $1.90 after the company reported a Q3 loss of $0.06 per share on revenue of $372.50 million. Xunlei XNET shares dropped 6.60% to touch a new 52-week low of $8.63 on Q3 results. Xunlei posted a quarterly non-GAAP operating loss of US$0.3 million, versus a year-ago non-GAAP operating income of US$3.7 million. Mitcham Industries MIND shares fell 0.99% to touch a new 52-week low of $8.53. Mitcham Industries is expected to release Q3 financial results on December 9, 2014.