Market Overview

Stocks Hitting 52-Week Lows

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Quiksilver, Inc. (NYSE: ZQK) shares fell 29.02 percent to touch a new 52-week low of $0.880 following Q2 miss and news that management is 'rescinding previously stated financial guidance' for FY15.

AudioCodes Ltd. (NASDAQ: AUDC) shares dropped 18.34 percent to touch a new 52-week low of $3.34 after the company reported preliminary revenue. AudioCodes expected Q2 sales to drop 15 percent to 5 percent versus the first quarter.

Micron Technology, Inc. (NASDAQ: MU) shares reached a new 52-week low of $25.42. Drexel Hamilton downgraded Micron from Hold to Sell.

PDL BioPharma Inc (NASDAQ: PDLI) shares fell 0.95 percent to reach a new 52-week low of $6.25. PDL BioPharma shares have dropped 34.81 percent over the past 52 weeks, while the S&P 500 index has surged 6.59 percent in the same period.

 

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