Stocks Hitting 52-Week Lows - Diamond Offshore Drilling (NYSE:DO)

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Cree (NASDAQ: CREE) shares fell 4.18% to reach a new 52-week low of $40.89. Goldman Sachs downgraded Cree from Buy to Neutral and lowered the target price from $60 to $48. Exelixis (NASDAQ: EXEL) shares fell 3.21% to touch a new 52-week low of $1.81. Exelixis shares have dropped 64.78% over the past 52 weeks, while the S&P 500 index has gained 16.96% in the same period.Bankrate (NYSE: RATE) shares tumbled 16.71% to reach a new 52-week low of $11.51 after the company named Steven Barnhart as interim Chief Financial Officer and announced the SEC investigation relating to 2012 financial reporting.Diamond Offshore Drilling (NYSE: DO) shares touched a new 52-week low of $39.54. Diamond Offshore Drilling's PEG ratio is 2.72.

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