Stocks Hitting 52-Week Lows

Orexigen Therapeutics, Inc. OREX shares fell 7.29 percent to touch a new 52-week low of $0.417. Orexigen Therapeutics is scheduled to discuss Q1 financial results on May 4, 2016. Natural Grocers by Vitamin Cottage Inc NGVC shares dropped 28.36 percent to touch a new 52-week low of $14.60 as the company reported weak preliminary results for the second quarter. Ericsson (ADR) ERIC shares reached a new 52-week low of $8.42. Ericsson reported a Q1 net profit of 1.97 billion kronor ($244 million), on sales of 52.2 billion kronor. The company also announced changes to its executive leadership team. Applied Optoelectronics Inc AAOI shares touched a new 52-week low of $11.088. Applied Optoelectronics shares have dropped 24.13 percent over the past 52 weeks, while the S&P 500 index has declined 0.50 percent in the same period.