Stocks Hitting 52-Week Lows
Rackspace Hosting (NYSE: RAX) shares fell 1.60% to reach a new 52-week low of $32.13. Rackspace Hosting shares have dropped 45.85% over the past 52 weeks, while the S&P 500 index has gained 19.69% in the same period.
Calix (NYSE: CALX) shares touched a new 52-week low of $7.175 after the company reported Q4 results.
Jive Software (NASDAQ: JIVE) shares declined 10.71% to touch a new 52-week low of $7.92 after the company issued a weak revenue forecast. Morgan Stanley downgraded the stock from Overweight to Equal-weight.
OXiGENE (NASDAQ: OXGN) shares reached a new 52-week low of $2 after the company announced a $12 million public offering.
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