Stocks Hitting 52-Week Lows

VeriFone Systems Inc PAY shares touched a new 52-week low of $19.91 after the company reported downbeat earnings for its second quarter and announced its plans to lower its workforce. The company also cut its annual outlook. JP Morgan downgraded VeriFone from Overweight to Neutral and lowered the target price from $34 to $24. New York & Company, Inc. NWY shares touched a new 52-week low of $1.50. New York & Company shares have dropped 36.61 percent over the past 52 weeks, while the S&P 500 index has gained 0.33 percent in the same period. Fibrocell Science Inc FCSC shares reached a new 52-week low of $1.17. Fibrocell Science reported that its Phase II azficel-T trial for the treatment of vocal cord scarring did not meet primary endpoints. Cal-Maine Foods Inc CALM shares dropped 2.33 percent to touch a new 52-week low of $41.95. Cal-Maine Foods shares have declined 23.19 percent over the past 52 weeks, while the S&P 500 index has gained 0.33 percent in the same period.