Stocks Hitting 52-Week Lows

Guess?, Inc. GES shares fell 7.84 percent to touch a new 52-week low of $15.16 as the company reported a wider-than-expected loss for its first quarter and issued a weak earnings outlook. Tidewater Inc. TDW shares touched a new 52-week low of $4.171. Tidewater posted Q4 GAAP loss of $1.74 per share on revenue of $184.2 million. Ionis Pharmaceuticals Inc IONS shares fell 35.08 percent to reach a new 52-week low of $22.89 after the company issued an update on the IONIS-TTR program. The company reported that GSK has decided not to initiate Phase 3 outcome study which was planned to evaluate IONIS-TTR in patients with TTR amyloid cardiomyopathy. Champions Oncology Inc CSBR shares dropped 16.53 percent to touch a new 52-week low of $3.13. Champions Oncology shares have dropped 45.91 percent over the past 52 weeks, while the S&P 500 index has slipped 1.43 percent in the same period.