Trina Solar AFFECTED by Currency Exchange Loss and 4 Stocks Falling to 52-Week Lows

Alco, Inc (ALCS), a consumer goods retailer located in the Midwest, has chosen OrderMotion’s OMX platform as the back office tech the most appropriate to grow with demands for its online volume, while at the same time leveraging its Magento eCommerce front-end system. Shares closed down 5.34 percent on the day at $6.73, and but have been traded in a 52-week range of $6.93 to $11.25.

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Career Education Corporation (NASDAQ:CECO) is among a group of for-profit education stocks that are sliding, after Democrats on the United States Senate education committee released a report that sharply attacked the sector. One charge was that several companies in the group have failed to make the investments that would enable students to succeed, and instead leaves students with large financial burdens. Senators contend that if reforms do not ensue, the sector will continue to produce hundreds of thousands of students with debt and no degree, and that the for-profit companies charge high tuition and mislead prospective students. Additionally, the companies fail to employ a sufficient number of career counselors, and the report indicates that the companies should be disallowed from using federal aid to market their schools. Several for-profit stocks are sinking following the release of the report, with Apollo Group. Inc. (NASDAQ:APOL) falling 3.28 percent to $27.46, ITT Educational Services Inc. (NYSE:ESI) sliding 6.77 percent to $40.49, and Strayer Education, Inc. (NASDAQ:STRA) dropping by 6.04 percent to $72.43. Career Education shares closed down 7.82 percent on the day at $4.60, having been traded in a 52-week range of $4.61 to $22.90.

Education Management Corportion (NASDAQ:EDMC) is among a group of for-profit education stocks that are sliding, after Democrats on the United States Senate education committee released a report that sharply attacked the sector. One charge was that several companies in the group have failed to make the investments that would enable students to succeed, and instead leaves students with large financial burdens. Senators contended that if reforms do not ensue, the sector will continue to produce hundreds of thousands of students with debt and no degree, and that the for-profit companies charge high tuition and mislead prospective students. Additionally, the companies fail to employ a sufficient number of career counselors, and the report indicates that the companies should be disallowed from using federal aid to market their schools. Shares closed down 7.82 percent on the day at $3.77, and have traded in a 52-week range of $3.72 to $29.90.

Trina Solar Limited (NYSE:TSL) predicts operating expenses in the second quarter to be adversely affected by a receivables provision of between $45 million and $48 million primarily for certain customers’ accounts receivable and also by a loss between $22 million and $23 million attributable to foreign currency exchange. Shares closed down 10.54 percent on the day at $4.84, but have traded in a 52-week range of $5.01 to $19.12.

Zynga Inc. (NASDAQ:ZNGA) games might not be featured by Facebook (NASDAQ:FB) any more, if chatter is correct that the latter wants Zunga’s share price to fall so as to make an acquisition of that company easier, says the NBC Bay Area blog. Reuters reports that Zynga has suffered a 70 percent drop in price so far in 2012. Shares closed down 2.59 percent on the day at $3.01, and have traded in a 52-week range of $2.97 to $15.91.

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