Cyan Inc.
Cyan Inc. (CYNI), a provider of carrier-grade networking solutions, reached a new low of $4.88 per share yesterday, far removed from the company’s old 52-week low of $7.44. Cyan is now trading at $5.01 – 2.852 (36.28 percent) on 1,946,386 shares traded.
Right behind Cyan was Merrimack Pharmaceuticals Inc. (MACK), which hit a new low yesterday at $2.68 per share, above its earlier 52-week low of $3.26. The company is now trading at $2.74 – 0.64 (18.93 percent) on 6,709,674 shares traded. Merrimack Pharmaceuticals develops, discovers and prepares to commercialize medicines and companion diagnostics for the treatment of cancer and other serious ailments.
ACCO Brands (ACCO), which designs, develops, manufactures and markets computer-based office products, as well as more traditional office and school supplies, hit a new low of $5.79 per share yesterday, beating out its earlier 52-week low of $5.80 by one cent. The company is trading at $5.88 – 1.2099 (17.06 percent) on 4,153,284 shares traded.
Rosetta Genomics Ltd. (ROSG) was fifth on yesterday’s list of companies hitting new 52-week lows, as the company moved down to $2.58 above its earlier 52-week low of $3.00 per share. Rosetta Genomics is trading at $2.69 – 0.411 (13.26 percent) on 709,178 shares traded. The company develops diagnosis tests and therapeutics tools that include, but are not limited to miRview mets2/mets, miRview squamous, miRview meso and miRview kidney.
Oil and natural gas company EXCO Resources (XCO) was next on the list of companies hitting new lows for the past 52 weeks yesterday, as the company reached a new low of $5.59 per share, 38 cents less than its old 52-week low of $5.97. EXCO Resources is now at $5.76 – 0.835 (12.67 percent) on 17,724,973 shares traded.
RTI Surgical Inc. (RTIX), on the other hand, continued the trend of medical companies hitting 52-week lows yesterday, as the company hit a new low of $2.94 per share, 16 cents less than its previous low of $3.10 per share. The company is now trading at $2.95 – 0.32 (9.79 percent) on 819,991 shares traded. RTI Surgical is a surgical implant company that provides medical professionals with different types of implants, including biological, metal and synthetic varieties.
Two more related medical companies hit new 52-week lows yesterday – Infinity Pharmaceuticals Inc. (INFI) and BioScrip Inc. (BIOS). Infinity reached a 52-week low of $13.31, beating its old low of $13.35 by four cents. The company is trading at $13.34 – 0.84 (5.92 percent) on 500,109 shares traded.
BioScrip Inc., for its part, reached a low of $7.04 per share, trumping its earlier 52-week low of $7.35. The company is trading at $7.05 – 0.32 (4.34 percent) on 1,327,427 shares traded.
Equinix Inc. (EQIX), a provider of global network neutral data center services, reached a new low of $161.36 per share yesterday, a little more than a dollar less than its old 52-week low of $162.51. Equinix is now trading at $161.62 – 6.77 (4.02 percent) on 1,829,350 shares traded.
Lastly, SAExploration Holdings Inc. (SAEX) bottomed at $6.86 per share yesterday, above its previous 52-week low of $7.01. The holding company and provider of 2D, 3D and 4D seismic data services, is trading at $6.98 – 0.29 (3.99 percent) on 57,445 shares traded.