Interdigital and 4 Stocks Making New 52-Week Lows
Education Management (NASDAQ:EDMC): With the news today that the Senate won’t approve two bills to limit student loan interest rates from rising in July, education-related stocks have shown poor performance. Education Management shares fell 5.04% on the day to close at $8.11, trading in a 52-week range of $8.10 to $29.90.
Exelon Corp. (NYSE:EXC): Despite news that the U.S. energy-related emissions of carbon dioxide have fallen 450M tons over the past five years, shares of Exelon Corp. have dropped a staggering amount. A recent Financial Times articles reports that the International Energy Agency found that emissions have dropped the most in the United States, with a large percentage of the decline attributed to a shift from coal to gas in the power sector. Exelon stocks closed down 0.14% on the day at $36.86 and have traded in a 52-week range of $36.63 to $45.45.
Interdigital (NASDAQ:IDCC) has come under some legal fire recently after Huawei filed a complaint with the European Commission claiming abuse of patents essential to the 3G standard. InterDigital’s president of patent holding subsidiaries, Lawrence Shay, responded, saying: “InterDigital has not seen the complaint that was filed, so we can offer no specific response to whatever issues might be raised in the complaint.” Shares dropped 3.94% on the day to close at $24.90 and have traded in a 52-week range of $25.29 to $82.50.
Lincoln Educational (NASDAQ:LINC): Other education stocks have been falling recently, as well, especially in light of the negative news from the Senate. Shares of Lincoln Educational dropped 4.86% on the day to $5.87, and they have traded in a 52-week range of $6.03 to $19.89.
Lexmark International (NYSE:LXK): According to The Korea Times, Samsung said it would try to become the top dog in the corporate printer market. Lexmark shares dropped at the news, down 2.59% on the day to $25.55. They have traded in a 52-week range of $25.66 to $38.34.
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