The 52-Week Low Club
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From 247WallSt
Capital Bancorp (NYSE: CBC) Capitol Bancorp Ltd., a community bank holding company, on Friday said its first-quarter profit fell 37 percent as a sagging economy in Michigan and elsewhere necessitated a more than 60 percent increase in its provision for loan losses, and interest expense grew. Enough said. Stock down to $29.05 from 52-week high of $47.49.
Sirius Satellite Radio (Nasdaq: SIRI) Blood in the streets over concerns about XM (XMSR) merger and earnings. Down to $2.78 from 52-week high of $5.12.
All American Semi (Nasdaq: SEMI) Nice ticker symbol. Reuters says that the company which distributes semiconductors and electronic components, said its lenders have agreed to extend the forbearance on its debt until April 24. Also facing delisting. Down to $.53 from 52-week high of $5.40.
Mesa Air (Nasdaq: MESA) Airline stocks took a hit from Goldman today, and oil prices moved up. Shares down to $7.06 from 52-week high of $10.62.
Independent Bank (Nasdaq: IBCP) Another Michigan bank hit by bad economy. Shares down to $16.12 from 52-week high of $27.02.
Douglas A. McIntyre
For more market insight go to http://www.247wallst.com/
Capital Bancorp (NYSE: CBC) Capitol Bancorp Ltd., a community bank holding company, on Friday said its first-quarter profit fell 37 percent as a sagging economy in Michigan and elsewhere necessitated a more than 60 percent increase in its provision for loan losses, and interest expense grew. Enough said. Stock down to $29.05 from 52-week high of $47.49.
Sirius Satellite Radio (Nasdaq: SIRI) Blood in the streets over concerns about XM (XMSR) merger and earnings. Down to $2.78 from 52-week high of $5.12.
All American Semi (Nasdaq: SEMI) Nice ticker symbol. Reuters says that the company which distributes semiconductors and electronic components, said its lenders have agreed to extend the forbearance on its debt until April 24. Also facing delisting. Down to $.53 from 52-week high of $5.40.
Mesa Air (Nasdaq: MESA) Airline stocks took a hit from Goldman today, and oil prices moved up. Shares down to $7.06 from 52-week high of $10.62.
Independent Bank (Nasdaq: IBCP) Another Michigan bank hit by bad economy. Shares down to $16.12 from 52-week high of $27.02.
Douglas A. McIntyre
For more market insight go to http://www.247wallst.com/
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