Market Overview

Stocks Hitting 52-Week Lows


DryShips Inc. (NASDAQ: DRYS) shares fell 43.43 percent to touch a new 52-week low of $1.34 after the company announced that it has breached some financial covenants. The company also said that it has yet to make final balloon installments on three matured banking facilities and three lenders have declared event a default.

Hooker Furniture Corporation (NASDAQ: HOFT) shares dropped 15.59 percent to touch a new 52-week low of $20.85. Hooker Furniture reported Q1 earnings of $0.22 per share on revenue of $121.8 million.

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares reached a new 52-week low of $22.755 after the company reported weaker-than-expected earnings for the first quarter and reduced its full year adjusted earnings outlook.

Gordmans Stores, Inc. (NASDAQ: GMAN) shares touched a new 52-week low of $1.65. Gordmans Stores shares have dropped 70.00 percent over the past 52 weeks, while the S&P 500 index has gained 1.41 percent in the same period.


Related Articles (DRYS + HOFT)

View Comments and Join the Discussion!

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