Demand Media Inc. (NASDAQ: DMD) saw shares fall nearly 8% to a new split-adjusted 52-week low of $8.99 Monday morning. The company completed a spin-off of its Rightside Group Ltd. last Monday and immediately enacted a 1-for-five reverse stock split of its outstanding and treasury shares of common stock. The stock continues to drift lower.
ChannelAdvisor Corp. (NYSE: ECOM) dropped about 3% on Monday to post a new 52-week low of $15.75. The 52-week high is $49.90. The company reported slightly better than expected earnings last week, but the top end of the full year revenue forecast is a bit below a consensus estimate and third quarter revenue guidance is just barely above the current estimate.
Noodles & Co. (NASDAQ: NDLS) traded down about 2.3% on Monday to post a new 52-week low of $26.26. Volume is about double the daily average of about 226,000 shares traded, and the 52-week high is $49.75. There was no news on the company today, but the recent IPO of El Pollo Loco Holdings Inc. (NASDAQ: LOCO) indicated where the restaurant business is strong and where it is not. After a burst of enthusiasm following the company’s July 2013 IPO, Noodles & Co. shares have been sinking fairly steadily since October.
TRI Pointe Homes Inc. (NYSE: TPH) dropped about 2% to post a new 52-week low of $12.90 in the mid-morning today. The stock climbed to a 52-week high of $20.29 in early January and is down 34% year-to-date. Short interest in the stock hit a peak of about 15.9 million at the end of June and fell by 38% in the next two weeks to around 9.8 million shares short.
ALSO READ: 4 Hot IPOs Remaining During August
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.