Market Overview

Stocks Hitting 52-Week Lows


Gordmans Stores, Inc. (NASDAQ: GMAN) shares fell 4.26 percent to reach a new 52-week low of $1.80. Gordmans Stores reported a Q1 loss of $0.08 per share on revenue of $142.2 million.

Ability Inc (NASDAQ: ABIL) shares dropped 6.14 percent to touch a new 52-week low of $2.60. Ability shares have dipped 72.12 percent over the past 52 weeks, while the S&P 500 index has declined 4.05 percent in the same period.

Foot Locker, Inc. (NYSE: FL) shares declined 6.70 percent to touch a new 52-week low of $54.63. Foot Locker reported in-line quarterly earnings, but the company's revenue came in slightly short of analysts' expectations.

Cheetah Mobile Inc (ADR) (NYSE: CMCM) shares dropped 12.60 percent to touch a new 52-week low of $9.99. Credit Suisse downgraded Cheetah Mobile from Neutral to Underperform and lowered the target price from $18 to $8.50.


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