Stocks Hitting 52-Week Lows

Abaxis Inc ABAX shares touched a new 52-week low of $41.08. Abaxis reported better-than-expected quarterly earnings, but the company missed analysts' sales estimates. Gilead Sciences, Inc. GILD shares dropped 2.98 percent to reach a new 52-week low of $84.92. Gilead named current Chairman and CEO John Martin as Executive Chairman. The company's President and COO John Milligan will be promoted to CEO. Eastman Chemical Company EMN shares touched a new 52-week low of $57.01. Eastman Chemical reported upbeat Q4 earnings, but the company's sales missed analysts' expectations. Spirit AeroSystems Holdings, Inc. SPR shares touched a new 52-week low of $41.23. Goldman Sachs downgraded Spirit AeroSystems from Neutral to Sell.