Stocks Hitting 52-Week Lows

Joy Global, Inc. JOY shares touched a new 52-week low of $43.46. Analysts at KeyBanc downgraded Joy Global from Buy to Hold and removed the price target of $65. Herbalife Ltd. HLF shares reached a new 52-week low of $27.83. Bill Ackman on CNBC commented on Herbalife, suggesting the company will “miss EPS massively.” KaloBios Pharmaceuticals, Inc. KBIO shares touched a new 52-week low of $0.587 after the company reported top-line data from phase 2 study of KB001-A. Wave Systems Corp. WAVX shares reached a new 52-week low of $0.66. Wave Systems shares have dropped 19.78% over the past 52 weeks, while the S&P 500 index has gained 8.99% in the same period.