Market Overview

Stocks Hitting 52-Week Lows

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Under Armour Inc (NYSE: UA) shares fell 5.78 percent to touch a new 52-week low of $35.55 as the company lowered its guidance for FY16. The company now projects revenue of $4.925 billion, with operating income now expected to range from $17-$19 million. It also expects an impairment charge of $23 million due to The Sports Authority restructuring.

Movado Group, Inc (NYSE: MOV) shares touched a new 52-week low of $20.32. Movado shares have dropped 26.74 percent over the past 52 weeks, while the S&P 500 index has slipped 0.81 percent in the same period.

Lands' End, Inc. (NASDAQ: LE) shares reached a new 52-week low of $16.16. Lands' End reported a Q1 loss of $0.18 per share on revenue of $273.4 million.

Otelco Inc (NASDAQ: OTEL) shares dropped 0.74 percent to touch a new 52-week low of $4.02. Otelco shares have declined 12.53 percent over the past 52 weeks, while the S&P 500 index has dropped 0.81 percent in the same period.

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

 

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