These are the new members of 24/7 Wall St.’s “52-week Low Club.”
Shares of Geron Corporation (NASDAQ: GERN) fell 55.86% to close at $1.28 on trading volume of 19.5 million shares. The company announced it was halting the study of a breast cancer drig following poor lab test results. Shares fell to $1.23 in trading on Monday, below the previous 52-week low of $1.25.
Shares of Titan Machinery, Inc. (NASDAQ: TITN) fell 23.46% to close at $19.41 on trading volume of 8 million shares. The farm equipment company reported second-quarter net income of 25 cents a share, down from 30 cents a share a year earlier and below the 43 cents a share Wall Street was expecting. The company also cut its full-year profit forecast to between $2.10 and $2.30 a share, down from $2.55 and $2.75 a share, due to effects from the countrywide drought. Shares are still ahead of the 52-week low of 15.58%, but are well off the high of $36.92.
Samuel Weigley
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