Green Mountain Coffee SPANKED with 4 Stocks Hitting 52-Week Lows
Ak Steel (NYSE:AKS): Shares were off 13.97 percent after Goldman Sachs downgraded the stock to ‘Sell,’ citing concerns such as weak product prices, an over-leveraged financial position, high pension liabilities, increasing capex commitments required to implement its raw material strategy and no visibility of a change in fortunes for the better in its electrical steel market. The stock was also downgraded to ‘Hold’ by Dahlman Rose. The shares closed at $4.99, down $0.81. They have traded in a 52-week range of $5.51 to $16.75.
Don’t Miss: Is Sprint Cold-Shouldering Clearwire?
Centene Corp. (NYSE:CNC): Shares of this Medicaid insurer lost a whopping 22.24 percent after it trimmed its full year EPS guidance from the previously announced range of $2.64-$2.84 to $1.45-$1.65, citing unexpectedly higher medical costs in Kentucky and Texas and in the Celtic unit; the company also revealed the possibility of an additional likely writedown. The shares closed at $27.58, down $7.89. They have traded in a 52-week range of $25.28 to $50.98.
Ntt Docomo Inc (NYSE:DCM): Shares lost 1.01 percent as the market responded unfavorably to the company’s announcement that it was hiking its stake in retailer Tower Records from 42.1 percent to 50.3 percent, with the transaction likely to close by mid-July. The shares closed at $15.66, down $0.16. They have traded in a 52-week range of $15.64 to $19.55.
Diamond Foods (NASDAQ:DMND): The stock lost 7.59 percent after it announced that it was going to miss today’s extended deadline for refiling earnings reports – a development that could threaten its continued listing on the Nasdaq exchange; the company also stated that it could likely fail to hold its annual meeting by the stipulated date of July 31. The shares closed at $18.63, down $1.53. They have traded in a 52-week range of $18.83 to $96.13.
Green Mountain Coffee (NASDAQ:GMCR): Shares of the coffee company tanked 7.41 percent after supermarket retailer Kroger (NYSE:KR) announced that it would sell competing single-serve coffee cups that were compatible with Green Mountain’s famous Keurig brewers according to a report in Reuters. Worse, Kroger is also reported to have announced its intentions to sell coffee cups for other coffee machines too. The shares closed at $21.32, down $1.81 or 7.83%. They have traded in a 52-week range of $21.77 to $115.98.
Earnings Report: The Kroger Co. First Quarter Earnings Sneak Peek.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.