Stocks Hitting 52-Week Lows
Alcoa Inc (NYSE: AA) shares fell 3.87 percent to touch a new 52-week low of $7.69. Alcoa reported better-than-expected earnings for the fourth quarter on Monday.
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) shares dropped 4.18 percent to touch a new 52-week low of $3.56. Credit Suisse initiated coverage on Petrobras with a Underperform rating.
HeartWare International Inc (NASDAQ: HTWR) shares fell 26.64 percent to reach a new 52-week low of $29.96 after the company provided a corporate update. The company reported preliminary Q4 revenue of $68 million.
Skullcandy Inc (NASDAQ: SKUL) shares touched a new 52-week low of $3.40 after the company announced Monday afternoon its fourth-quarter sales are now expected to be flat on a year-over-year basis. The company also lowered its Q4 earnings forecast.
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