Facebook and Zynga Lead These Stocks SLAMMING to 52-Week Lows
Banco Bilbao Viscaya (NYSE:BBVA): Spanish borrowing costs reached new highs after concerns surfaced about the country’s ability to fix fiscal gaps and overhaul its banking system, resulting in a call from the prime minster for EU action to help calm markets, the Wall Street Journal reported. Banco Bilbao Viscaya was hurt by the news, and its shares fell 5.07% on the day to $5.81. They have traded in a 52-week range of $5.96 to $12.13.
Erickson Air-Crane (NYSE:EAC): Good news came for Erickson Air-Crane, as NATO Maintenance and Supply Agency awarded the company with a three-year contract to supply aerial firefighting services in Greece for the 2012 to 2014 firefighting seasons. Under the contract, Erickson will receive payments amounting to $8.9M per year. As a result, Erickson shares went up 0.59% on the day to close at $6.84. They have traded in a 52-week range of $6.70 to $8.50.
Facebook Inc (NASDAQ:FB): Despite Facebook’s much-anticipated IPO, prices for the social networking company have fallen drastically in recent days. Shares dropped 9.62% on the day to close at $28.84. They have traded in a 52-week range of $28.65 to $45.00.
Investing Insights: BLOODBATH: Watch Facebook Investors Panic to New Lows>>
Banco Santander S.A. (NYSE:STD): Another Spanish company, Banco Santander S.A., was hurt by the recent rise in Spanish borrowing costs, as well. The company had its June implied volatility at 83, July at 62, and September at 71. Shares dropped 4.77% to close at $5.39. They have traded in a 52-week range of $5.52 to $11.92.
Zynga Inc. (NASDAQ:ZNGA): Disappointing news came for Zynga recently, as CTO of mobile, Laurent Desegur, was hired away by Game Closure, according to All Things Digital. Shares fell 7.87% on the day to close at $6.09. They have traded in a 52-week range of $6.36 to $15.91.
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