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« Palm Up After Conference Cancellation | Main | Medtronic Indicated Higher on Earnings (MDT) »

May 22, 2007

The 52-Week Low Club

Newmont Mining (NEM) Still hurting from Moody's downgrade. Off to $38.64 from 52-week high of $56.50.

McClatchy (MNI) Has been off the lost for some time, but back now due to awful April newspaper ad numbers. Down to $28.10 from 52-week high of $47.54.

NetBank (NTBK) Friedman, Billings, Ramsey downgrades stock and says it will be "worthless". Nice take. Shares fall further to $.34 from 52-week high of $6.90.

Kongzhong (KONG) Chinese wireless company provided a second-quarter revenue forecast below current Wall Street estimates. Killed, dropping to $5.40 from 52-week high of $14.

Xinhua Fin Media (XFML) Still dropping on fall-out from Barron's story. CFO leaves. So do key employees at proxy operation Glass Lewis. Bad day for China-based companies. Falls to $7.03 from high of $13. Only public since March. Nice work.

United Natural Foods (UNFI) Natural and organic foods distributor lowers fiscal year guidance. Down to $27.05 from $38.40.

Douglas A. McIntyre

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