Dell and 4 Stocks Crashing to 52-Week Low Prices
Aerovironment (NASDAQ:AVAV): Just as the space exploration era is dying down, AeroVironment is making big moves and enhancing its work on a more domestic area–national defense. The company received a $5,108,160 contract modification effective March 20 from the U.S. Army Close Combat Weapons Systems Program Executive Office Missiles and Space, and the update includes engineering services, operational Switchblade systems, and operator training. Aerovironment will work with its munition subcontractor, ATK (NYSE:ATK) to produce and ship the equipment. The contract adds an additional $5.1M to the original order and totals the value to $10M. Shares closed at $22.06, up 0.23% on the day, and they have traded in a 52-week range of $21.67 to $36.49.
Brightcove Inc. (NASDAQ:BCOV): German enterprise management software maker SAP (NYSE:SAP) announced a large acquisition Tuesday that will provide it with cloud computing and software at $45 per share. The company will buy service company Ariba (NASDAQ:ARBA) for about $4.3B and will enable the two companies to “create new models for business-to-business collaboration in the cloud.” Despite the good news, SAP shares closed at $12.91, down $4.37 on the day. Over a 52-week range, however, they have traded $13.36 to $25.50.
Clear Channel Outdoo (NYSE:CCO): Good news is on board for Clear Channel Outdoor’s Clear Channel Airports division, which has been awarded a seven-year advertising contract by the Philadelphia International Airport. The new agreement allows the company to install 76 new LCD screens at certain highly trafficked areas of the airport in addition to its already-present static displays. Shares stayed steady at $6.55 on the day, and they have traded in a 52-week range of $6.45 to $14.88.
Coeur D’Alene Mines (NYSE:CDE): It looks like mines aren’t impermeable to blockages, as a small, unorganized group of employees of a subsidiary of Coeur Mexicana restricted access to Coeur d’Alene Mines’ (CDM) Palmarejo Mine in Chichuahua, Mexico last weekend. Palmarejo management called for a temporary shut-down of the mine to ensure the safety of workers on-site and to allow for dialogue with employees. They consider the small group’s blocking actions illegal but are working to settle it peacefully. Shares closed at $17.31, up 2.91% on the day, and they have traded in a 52-week range of $19.30 to $32.09.
Dell Inc. (NASDAQ:DELL): No good news appeared on the foreign front for Hewlett-Packard (NYSE:HPQ), whose exposure to the faltering markets in Europe saw low Q2 results–lower, in fact, than Dell’s (NASDAQ:DELL)–according to AllThingsD. The report went on to say that investors will be paying close attention to Hewlett-Packard CEO Meg Whitman’s plans for restructuring and job cuts. Shares dipped 17.18% on the day to $12.49, though they have traded in a 52-week range of $13.29 to $18.36.
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