Market Overview

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Stocks Hitting 52-Week Lows

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Pangaea Logistics Solutions Ltd (NASDAQ: PANL) shares fell 4.58 percent to reach a new 52-week low of $2.29. Pangaea Logistics Solutions shares have dropped 75.95 percent over the past 52 weeks, while the S&P 500 index has gained 11.85 percent in the same period.

Yelp Inc (NYSE: YELP) shares tumbled 21.72 percent to touch a new 52-week low of $40.14 after the company reported downbeat revenue for the first quarter and issued a weak sales forecast for the second quarter. Analysts at Bank of America downgraded Yelp from Buy to Neutral and lowered the price target from $65.00 to $55.00.

Eastgroup Properties Inc (NYSE: EGP) shares touched a new 52-week low of $57.58. Eastgroup Properties PEG ratio is 2.93.

Nokia Corporation (ADR) (NYSE: NOK) shares fell 10.01 percent to reach a new 52-week low of $6.74 after the company reported Q1 results.

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

 

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