First Solar and Guess Among Shares Falling to 52-Week Bottom Blues
Patriot Coal (NYSE:PCX) has hired The Blackstone Group (NYSE;BX), thus paring its losses by working with lenders on a new financial package. This, after reiterating earlier this month that it has received loans from several banks totaling $625M. Dealwire announced that Patriot had met with restructuring advisors. Today saw Patriot’s stock sink to a 52-week low of $1.36.
First Solar (NASDAQ:FSLR): According to Digitimes, some first-tier Chinese solar makers are looking to produce crystalline silicon solar cells through partnership with Taiwan. This, to evade anti-dumping tariffs imposed in the U.S. market. The shares closed at $13.60, down $0.23 or 1.66% on the day. They have traded in a 52-week range of $13.37 to $142.22.
Guess (NYSE:GES): An opinion and order in a three-year lawsuit by Gucci America (NYES:GES) against Guess (NYSE:GES) and various licensees by the U.S. District Court for the Southern District of New York suggests that Guess shares the sentiment thusly expressed. That is that these types of disputes should not spill over into courts, but instead be resolved by the companies involved. The shares closed at $24.44, down $0.03 or 0.12% on the day. They have traded in a 52-week range of $24.26 to $45.73.
Hugoton Royalty Trust (NYSE:HGT): The shares closed at $7.66, down $3.99 or 34.25% on the day. They have traded in a 52-week range of $11.44 to $23.84.
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