Nokia Corp. (NYSE: NOK) dropped about 12.8% on Thursday to post a new 52-week low of $6.53 against a high of $8.73. The stock closed at $7.49 on Wednesday night. Volume was nearly 3-times the daily average of around 25 million shares. The company reported earnings that were okay today, but investors and analysts have concerns about the network division where profits fell by 60%.
CTC Media Inc. (NASDAQ: CTCM) also posted a new 52-week low on Thursday. Shares dropped 19% to $3.45 from Wednesday’s closing price of $4.26. The stock’s 52-week high is $11.51. Volume is nearly 4-times the daily average of around 530,000 shares. The Russian media company suffered a 50% drop in profits and shareholders a 100% drop in their second quarter dividend.
MannKind Corp. (NASDAQ: MNKD) dropped about 7.6% on Thursday to post a new 52-week low of $4.23 after closing at $4.58 on Wednesday. The stock’s 52-week high is $11.48. Share volume was about 70% above the daily average of around 5.4 million shares traded. The company’s Afrezza drug continues to see declining sales.
Yelp Inc. (NYSE: YELP) dropped more than 24% on Thursday to post a new 52-week low of $38.75 after closing at $51.28 on Wednesday. The stock’s 52-week high is $86.88. Share volume was more than 7-times the daily average of around 3.2 million shares traded. The local business business guide company missed estimates on its local advertising revenue and the stock got punished today.
ALSO READ: The 20 Largest Privately Held Companies in America
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
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.