Methode Electronics Inc. MEI shares touched a new 52-week low of $28.95 after the company reported results for the fourth quarter and issued a weak FY16 forecast.
Centurylink Inc CTL shares fell 3.70 percent to reach a new 52-week low of $30.70. JP Morgan downgraded CenturyLink from Overweight to Neutral and lowered the price target from $42.00 to $35.00.
Cree, Inc. CREE shares reached a new 52-week low of $27.12 after the company announced its plans to restructure its LED products unit and also announced a $500 million buyback plan. The company also lowered its revenue outlook for the fourth quarter.
Keurig Green Mountain Inc GMCR shares slipped 2.75 percent to touch a new 52-week low of $78.94. Keurig Green Mountain shares have dropped 32.56 percent over the past 52 weeks, while the S&P 500 index has surged 7.73 percent in the same period.
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