Vale SA (NYSE: VALE) dropped about 2.3% on Thursday to post a new 52-week low of $5.45 after closing at $5.58 on Wednesday. The stock’s 52-week high is $15.59. Share volume totaled about 35 below the daily average of around 28.9 million shares traded. The Brazilian mining giant had no news today.
Michael Kors Holdings Ltd. (NYSE: KORS) dropped about 1.4% on Thursday to post a new 52-week low of $63.21 against a 52-week high of $98.96. Shares closed at $64.08 Wednesday night. Volume was about a third lower than the daily average of around 3.7 million shares. The high-end apparel maker had no news today. The once high-flying stock is down 15% year-to-date and nearly double that over the past 12 months.
Garmin Ltd. (NASDAQ: GRMN) posted a new 52-week low on Thursday. Shares dropped about 2.4% to $45.93 from Wednesday’s closing price of $47.07. The stock’s 52-week high is $62.05. Volume is about 25% below the daily average of around 1.6 million shares. Goldman Sachs downgraded the stock from Buy to Neutral and cut the price target from $63 to $54. Today is the second day in a row for a new 52-week low on the stock.
Ocera Therapeutics Inc. (NASDAQ: OCRX) dropped about 19% on Thursday to post a new 52-week low of $3.78 after closing at $4.69 on Wednesday. The stock’s 52-week high is $10.79. Share volume was about 6-times the daily average of around 100,000 shares traded. The clinical stage biopharma company yesterday reported no safety issues with its treatment for hepatic encephalopathy, but will expand the study believing that it will “enhance the likelihood of achieving a positive result.”
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