Market Overview

Stocks Hitting 52-Week Lows

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Ocwen Financial Corp. (NYSE: OCN) shares fell 28.59% to touch a new 52-week low of $8.71. California is seeking to suspend the company's mortgage license, according to LA Times.

ChannelAdvisor Corporation (NYSE: ECOM) shares slipped 54.11% to reach a new 52-week low of $9.70 after the company issued a negative revenue outlook. Various analysts including Deutsche Bank, Janney Capital, Stifel Nicolaus, Baird downgraded ChannelAdvisor today.

Altisource Portfolio Solutions S.A (NASDAQ: ASPS) shares touched a new 52-week low of $20.30. Altisource Portfolio Solutions shares have dropped 82.70% over the past 52 weeks, while the S&P 500 index has gained 10.30% in the same period.

Breitburn Energy Partners L.P. (NASDAQ: BBEP) shares reached a new 52-week low of $5.46. Crude oil futures fell 1.54% to trade at $45.36 a barrel.

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

 

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