Market Overview

Stocks Hitting 52-Week Lows

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Genworth Financial (NYSE: GNW) shares touched a new 52-week low of $8.94 following Wednesday's earnings miss.

Cenveo (NYSE: CVO) shares reached a new 52-week low of $2.06 after the company reported Q3 earnings of $0.16 per share on revenue of $480.60 million.

Web.com Group (NASDAQ: WWWW) shares fell 20.96% to reach a new 52-week low of $16.00 after the company reported Q3 earnings of $0.63 per share on revenue of $143.80 million and announced a $100 million stock repurchase authorization. JP Morgan downgraded Web.com Group from Overweight to Neutral and lowered the price target from $35.00 to $20.00.

Solazyme (NASDAQ: SZYM) shares dropped 47.40% to touch a new 52-week low of $3.94 after the company reported a Q3 loss of $0.45 per share on revenue of $17.60 million and launched a partnership with Versalis to commercialize Encapso. Cowen & Company downgraded Solazyme from Outperform to Market Perform..

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

 

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