A number of stocks are hitting new lows for 2010 this week, and an increasing number are also hitting 52-week lows. In fact, more than 100 stocks hit 52-week lows on Tuesday for the first time in more than a year. The rising list of laggards is surprising considering we just came off of a very robust earnings season. Some are simply drifting lower in this challenging market, while others certainly merit a sell-off. Here’s a look at some stocks that hit 52-week lows on Tuesday, but which should move back… Read More
A number of stocks are hitting new lows for 2010 this week, and an increasing number are also hitting 52-week lows. In fact, more than 100 stocks hit 52-week lows on Tuesday for the first time in more than a year. The rising list of laggards is surprising considering we just came off of a very robust earnings season. Some are simply drifting lower in this challenging market, while others certainly merit a sell-off. Here’s a look at some stocks that hit 52-week lows on Tuesday, but which should move back up when buyers re-take charge of the market. AOL AOL (NYSE: AOL) went public at $25 a share last November, and after a recent march toward the $30 mark, touched almost $20 on Tuesday, an all-time low. You would think this IPO would have fared well, as advertising rates on websites have started to firm up after declining for several years. But the company has admitted that its sales force was not meeting expectations, and a recent re-shuffle of the sales team is expected to… Read More