Dreamworks Animation SKG Inc. (NASDAQ: DWA) posted a new 52-week low on Friday of $18.30. Based on Thursday night’s closing price of $21.31 that’s a drop of about 14%. The stock’s 52-week high is $35.37. Volume is about 4-times the daily average of around 1.4 million shares. The company fired 500 employees on Thursday and cut its new films release schedule.
LeapFrog Enterprises Inc. (NYSE: LF) dropped nearly 36% on Friday to post a new 52-week low of $2.51. The stock’s 52-week high is $7.87. Volume was was about 10-times higher than the daily average of 1.2 million shares. The toymaker yesterday lowered its third fiscal quarter guidance.
Ocwen Financial Corp. (NYSE: OCN) dropped about 26% on Friday to establish a new 52-week low at $5.67 against a high of $47.76. Volume was more than 3-times the daily average of around 5.9 million shares. A hedge-fund has announced that it is shorting the Ocwen’s stock and that of affiliate Home Loan Servicing Solutions Ltd (NASDAQ: HLSS) and delivered a default notice against a receivables trust that is a primary funding source for Ocwen.
United States Steel Corp. (NYSE: X) dropped 9% on Friday to post a new 52-week low of $20.66 after closing at $22.71 on Thursday. The stock’s 52-week high is $46.55. Share volume was nearly double the daily average of around 7.2 million shares traded. The steelmaker was hit following a cut by Goldman Sachs to the firm’s iron ore forecast.
ALSO READ: America’s Most Hated Companies
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.