Market Overview

Stocks Hitting 52-Week Lows

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  • Delcath Systems, Inc. (NASDAQ: DCTH) shares touched a new 52-week low of $2.589. Delcath priced its 425,000 share offering at $3 per share.
  • Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares fell 14.6 percent to reach a new 52-week low of $46.97 after the company disclosed that it is conducting an internal investigation into whether certain payments related to plants in India were made improperly. Cognizant also named Rajeev Mehta as President. Citigroup downgraded Cognizant Tech from Buy to Neutral and lowered the price target from $68.00 to $55.00.
  • Vectrus Inc (NYSE: VEC) shares touched a new 52-week low of $14.34 on news of the government rejecting the company's contract proposal to provide comprehensive support services for all US Army facilities in Kuwait.
  • Ruby Tuesday, Inc. (NYSE: RT) shares touched a new 52-week low of $2.53. Ruby Tuesday shares have tumbled 58.94 percent over the past 52 weeks, while the S&P 500 index has increased 12.04 percent in the same period.
 

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