Investing
The 52-Week Low Club (SIRI)(GM)(C)(CIT)(SKS)(XTLB)
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Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94.
Citigroup (C) Still concerns that bank can hold off a government rescue due to consumer debt balance sheet issues. Drops to $7.89 from 52-week high of $35.29.
CIT Group (CIT) Analyst said CIT’s ability to become a commercial bank is critical to its future. What it it does not work out? Drops to $2.43 from 52-week high of $30.75.
Saks (SKS) Bad earnings, concern about debt. Down to $2.71 from 52-week high of $22.19.
Xtl Biopharmaceuticals (XTLB) Important drug fails trial and analyst downgrade. The daily double. Falls to $.11 from 52-week high of $4.96.
Douglas A. McIntyre
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