Credit Suisse and 3 Stocks Bombing to 52-Week Lows
Banco Bilbao Viscaya (NYSE:BBVA): According to Track Data, Banco Bilbao’s overall option implied volatility of 58 is well above its 26-week average of 46. Despite the news, shares fell 3.1% on the day to close at $5.63. They have traded in a 52-week range of $5.76 to $12.13.
Credit Suisse Group (NYSE:CS) shares fell 2.13% on the day to $19.34. They have traded in a 52-week range of $19.43 to $43.24.
Daktronics (NASDAQ:DAKT) FQ4 EPS of -$0.01 missed by $0.05, and its revenue of $111.9M missed by $7M, though the firm expects sales to increase in Q1. Shares fell 9.88% on the day to close at $6.57, and they have traded in a 52-week range of $6.92 to $12.25.
DeVry Inc. (NYSE:DV): Poor news came from the Chronicle of Higher Education that the attorneys general of 21 states called on congress to change the law so veterans’ benefits count toward the 90% cap on the amount of revenue for-profit colleges can receive from the federal government. DeVry shares suffered a hit from the news, falling 3.78% to close at $27.51. They have traded in a 52-week range of $27.61 to $66.85.
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