Xerox Corp. (NYSE: XRX) dropped nearly 14% on Friday to post a new 52-week low of $11.32 against a high of $14.36. The stock closed at $13.14 on Thursday night. Volume was about 5-times the daily average of around 7.4 million shares. The business technology company missed estimates this morning and lowered its guidance again.
New Gold Inc. (NYSEMKT: NGD) also posted a new 52-week low on Friday. Shares dropped about 4.2% to $3.16 from Thursday’s closing price of $3.30. The stock’s 52-week high is $6.78. Volume is about 25% below the daily average of around 3.8 million shares. The Canada-based gold miner had no specific news today.
DeVry Education Group Inc. (NYSE: DV) dropped more than 16% on Friday to post a new 52-week low of $31.41 after closing at $37.57 on Thursday. The stock’s 52-week high is $49.61. Share volume was more than 5-times the daily average of around 650,000 shares traded. The for-profit college reported earnings after the bell on Thursday and investors were disappointed with lower revenues and higher costs.
Flotek Industries Inc. (NYSE: FTK) dropped about 7% on Friday to post a new 52-week low of $13.47 after closing at $14.49 on Thursday. The stock’s 52-week high is $32.92. Share volume was about double the daily average of around 900,000 shares traded. The oilfield services company reported a net loss for the first quarter on Wednesday.
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