Ambow DOWN 16.91% and 2 Stocks that Have Hit 52-Week Lows

Ambow Education’s (NYSE:AMBO) CFO Gareth Kung has resigned from his position with the company, effective Thursday, after having joined Ambow in December 2011. Replacing Kung as acting CFO will be KJ Tan, who currently serves as the company’s Vice President of Finance, until the naming of a permanent successor. Shares closed down 19.61 on the day at $3.73, having been traded between $4.00 to $8.15 the last 52 weeks.

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Nokia Corp. (NYSE:NOK) says that Namco Bandai will fully back the recently introduced Asha Touch devices, which contain more than 20 arcade classic titles available to be downloaded via Nokia Store, including Pac-Man, Final Fantasy, Ace Combat and Flight Control. In addition consumers should be able to enjoy a new touch screen experience which quickens mobile web browsing, with easy access to social networks plus a great gaming performance. In all, 22 will be available on Asha Touch devices from Namco Bandai Games Inc and Namco Bandai Games Americas Inc. Shares closed down 5.16 percent on the day at $2.02, having traded between $2.04 to $7.38 in a 52-week range.

Tower International (NYSE:TOWR) has issued the following: “In view of the unusual market activity in Tower’s common stock, the NYSE has contacted the company in accordance with the NYSE’s usual practice. Tower stated that its company policy is not to comment on unusual market activity.” Shares closed down 6.11 percent at $10.30, having traded between $9.45 and $18.09 the past 52 weeks.

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