Stocks Hitting 52-Week Lows
International Game Technology (NYSE: IGT) shares fell 7.68% to reach a new 52-week low of $13.71 after the company announced its plans to lower 7% of its workforce and cut its earnings guidance for the year.
Kid Brands (NYSE: KID) shares touched a new 52-week low of $0.473. Kid Brands shares have dropped 62.50% over the past 52 weeks, while the S&P 500 index has gained 19.30% in the same period.
Exelixis (NASDAQ: EXEL) shares declined 36.18% to touch a new 52-week low of $4.11 after the company issued an update on ongoing COMET-1 phase 3 pivotal trial in men with metastatic castration-resistant prostate cancer. Stifel Nicolaus lowered the price target on the stock from $11.00 to $9.00.
Body Central (NASDAQ: BODY) shares reached a new 52-week low of $1.19 after the company reported a Q1 loss of $0.74 per share on revenue of $66.20 million.
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