Market Overview

Stocks Hitting 52-Week Lows

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GoPro Inc (NASDAQ: GPRO) shares touched a new 52-week low of $9.25 after the company reported weaker-than-expected results for the fourth quarter and issued a downbeat revenue forecast for the current quarter. The company also named Brian McGee as its new chief financial officer.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares reached a new 52-week low of $22.52. Stifel Nicolaus downgraded Synchronoss Technologies from Buy to Hold.

AmerisourceBergen Corp. (NYSE: ABC) shares touched a new 52-week low of $84.93. AmerisourceBergen reported Q1 earnings of $1.27 per share on revenue of $36.7 million.

Resolute Forest Products Inc (NYSE: RFP) shares dropped 20.90 percent to touch a new 52-week low of $4.24. Resolute reported a preliminary Q4 loss of $0.29 per share on revenue of $894 million.

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

 

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