Altisource Portfolio Solutions SA (NASDAQ: ASPS) posted a new 52-week low on Monday of $28.20. Based on Monday night’s closing price of $31.49 that’s a drop of about 10% added to Monday’s dive of about 35%. The stock’s 52-week high is $164.92. Volume is approaching 3-times the daily average of around 520,000 share. The company’s board chairman, who was also the executive chairman at Ocwen, resigned Monday morning and the selling hasn’t stopped.
Ocwen Financial Corp. (NYSE: OCN) dropped another 20% on Tuesday to post a new 52-week low of $12.81 after closing at $16.01 on Monday. The stock dropped more than 30% on Monday as well. The stock’s 52-week high is $56.82. Share volume is again about 7-times the 3.7 million average daily shares traded. The fallout continues for Ocwen which has agreed to pay a fine of $150 million. The company’s executive chairman was required to resign from Ocwen, and he also resigned board seats at Altisource and other companies Monday.
The ExOne Co. (NASDAQ: XONE) dropped about 3.4% Tuesday to post a new 52-week — and all-time — low of $15.08. The stock’s 52-week high is $70.25. Volume totaled about half the daily average of around 510,000 shares. The 3D printing company announced a management shake-up on Friday and today’s falling stock price can probably be partly attributed to that.
Zullily Inc. (NASDAQ: ZU) dropped about 11% Tuesday to establish a new 52-week — and all-time — low at $22.62 against a high of $73.50. Volume was more than double the daily average of around 1.4 million shares. ITG Research reported a slowdown in customer activations.
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