Market Overview

Stocks Hitting 52-Week Lows

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Sunesis Pharmaceuticals (NASDAQ: SNSS) shares tumbled 69.88% to reach a new 52-week low of $2.00 as pivotal Phase 3 VALOR trial of acute myeloid leukemia treatment did not meet primary endpoint.

EZchip Semiconductor (NASDAQ: EZCH) shares touched a new 52-week low of $21.90 after the company lowered its Q3 sales forecast.

Alcobra (NASDAQ: ADHD) shares dropped 47.26% to reach a new 52-week low of $7.44 following the announcement of topline results from Phase III study of MDX in adult ADHD.

Ciena (NYSE: CIEN) shares touched a new 52-week low of $16.205. Ciena shares have dropped 39.47% over the past 52 weeks, while the S&P 500 index has gained 16.41% in the same period.

Posted-In: 52-Week LowsNews Movers & Shakers Intraday Update Markets

 

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