Market Overview

Stocks Hitting 52-Week Lows

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  • First Solar, Inc. (NASDAQ: FSLR) shares touched a new 52-week low of $29.25 after the company announced plans to cut 27 percent of its global workforce and issued a weak sales forecast for 2017. However, the company raised its adjusted profit guidance for 2016.
  • Stein Mart, Inc. (NASDAQ: SMRT) shares fell 23 percent to touch a new 52-week low of $5.24 after the company reported weak results for its third quarter.
  • Stage Stores Inc (NYSE: SSI) shares touched a new 52-week low of $4.35 as the company reported a wider-than-expected Q3 loss and issued a weak earnings forecast for the current quarter.
  • MagneGas Corporation (NASDAQ: MNGA) shares reached a new 52-week low of $0.50. On Wednesday, MagneGas reported a financing of $3 million.

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

 

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