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Stocks Hitting 52-Week Lows

NDLS

 

  • CARDIOME PHARMA CORP (NASDAQ: CRME) shares fell 43.21 percent to touch a new 52-week low of $3.01. Cardiome priced 10 million shares at $3 per share.
  • Noodles & Co (NASDAQ: NDLS) shares touched a new 52-week low of $8.46. Noodles reported that Kevin Reddy is stepping down as Chairman and CEO. The company reported preliminary Q2 sales of $121 million.
  • Tokai Pharmaceuticals Inc (NASDAQ: TKAI) shares dropped 75 percent to touch a new 52-week low of $1.30 as the company reported that it is planning to discontinue the Phase 3 ARMOR3-SV trial of prostate cancer treatment.
  • Orexigen Therapeutics, Inc. (NASDAQ: OREX) shares fell 1.17 percent to reach a new 52-week low of $3.39. Orexigen Therapeutics shares have dropped 91.85 percent over the past 52 weeks, while the S&P 500 index has gained 4.88 percent in the same period.