6 Stocks Dropping to 52-Week Lows As Markets Collapse on S&P Downgrade

Here are 6 stocks that hit their lowest price in the past 12 months. Note that this list excludes all stocks with a market capitalization less than $300 million:

  1. Cree Inc. (NASDAQ:CREE): Down 0.48% to $41.07. Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.
  2. Cisco Systems, Inc. (NASDAQ:CSCO): Down 1.76% to $16.73. Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world. Did Cisco Just Destroy a Winning Business?>>
  3. Dolby Laboratories, Inc. (NYSE:DLB): Down 1.32% to $45.62. Dolby Laboratories Inc. develops audio signal processing systems for the motion picture, broadcasting, and music recording industries, as well as the consumer market.
  4. General Motors Company (NYSE:GM): Down 0.89% to $29.97. General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide. This Analyst Says Car Makers are Totally Screwed>>
  5. Hudson City Bancorp, Inc. (NASDAQ:HCBK): Down 1.55% to $9.53. Hudson City Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary, is a federally chartered stock savings bank that offers traditional deposit products, residential real estate mortgage loans and consumer loans. Hudson also purchase mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises.
  6. Kinder Morgan, Inc. (KMI): Down 1.25% to $28.52.

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