Stocks Hitting 52-Week Lows

Tellabs TLAB shares dropped 7.89% to touch a new 52-week low of $2.10. Tellabs issued downbeat Q1 revenue forecast. Celsion CLSN shares lost 12.59% to create a new 52-week low of $1.32. Celsion shares have dropped 22.56% over the past 52 weeks, while the S&P 500 index has gained 11.39% in the same period. Brightcove BCOV shares touched a new 52-week low of $6.59. Brightcove issued weak Q1 outlook. Stemline Therapeutics STML shares touched a new 52-week low of $10.52. Stemline Therapeutics announced today the closing of its earlier announced initial public offering of 3,815,291 shares at an offering price of $10.00 a share.