Stocks Hitting 52-Week Lows

by Lisa Levin, Benzinga Editor

November 17, 2016 10:17 AM | 1 min read |

First Solar, Inc. FSLR shares touched a new 52-week low of $29.25 after the company announced plans to cut 27 percent of its global workforce and issued a weak sales forecast for 2017. However, the company raised its adjusted profit guidance for 2016.
Stein Mart, Inc. SMRT shares fell 23 percent to touch a new 52-week low of $5.24 after the company reported weak results for its third quarter.
Stage Stores Inc SSI shares touched a new 52-week low of $4.35 as the company reported a wider-than-expected Q3 loss and issued a weak earnings forecast for the current quarter.
MagneGas Corporation MNGA shares reached a new 52-week low of $0.50. On Wednesday, MagneGas reported a financing of $3 million.

Posted In: News Movers & Shakers Intraday Update Markets 52 Week Lows 52-Week Lows

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.