Stocks Hitting 52-Week Lows

DSW DSW shares fell 26.26% to reach a new 52-week low of $23.98 after the company reported weaker-than-expected fiscal first-quarter results and lowered its full-year earnings forecast. Coach COH shares touched a new 52-week low of $40.56. Coach shares have dropped 28.97% over the past 52 weeks, while the S&P 500 index has gained 15.99% in the same period. Sungy Mobile GOMO shares tumbled 14% to reach a new 52-week low of $11.92 on Q1 results. Sungy Mobile's quarterly net income rose 23.7% to RMB14.2 million (US$2.3 million) versus RMB11.5 million. Acura Pharmaceuticals ACUR shares reached a new 52-week low of $1.05 after the company provided an update on AP-ADF-301. MLV & Co downgraded Acura Pharma from Buy to Hold.