52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

Its Friday, and despite a fairly stable market today there were of course many 52-week lows.  Some look like a mid-city explosion from news, and some are just the normal selling.  As a reminder, some of these stocks are not under the 52-week lows at the time this published but these would have hit prior 52-week lows or traded under them on an intra-day basis. 

Here is today’s list on the 52-week lows:

• Allegheny Energy Inc. (NYSE: AYE)
• American Axle & Manufacturing (NYSE: AXL)… gotta love those auto suppliers.
• Atlas Pipeline Partners (NYSE: APL)
• AU Optronics Corp. (NYSE: AUO) hit but didn’t stay under low
• Champion Enterprises (NYSE: CHB) again from yesterday
• Cumulus Media Inc. (NASDAQ: CMLS)
• Great Atlantic Pacific & Tea (NYSE: GAP)… who says food is safe???
• Macerich (NYSE: MAC) downgrade
• Mirant (NYSE: MIR)
• Reliant Energy Inc. (NYSE: RRI)
• Semgroup Energy (NASDAQ: SGLP) battered again after parent woes.
• Safeway Stores Inc. (NYSE: SWY)… who says food is safe???
• Virtusa Corp. (NASDAQ: VRTU) on downgrade

Jon C. Ogg
July 18, 2008