Knight Capital REMOVES Trading Software and 4 Stocks Hitting 52-Week Lows
Hewlett-Packard Comp (NYSE:HPQ) and Dell (NASDAQ:DELL) are prepared for the launch of Windows RT-based tablet PCs by the end of October, according to DigiTimes, citing sources from the upstream supply chain. The shares closed at $17.55, down $0.11 or 0.62% on the day. They have traded in a 52-week range of $17.61 to $34.00.
Fti Consulting (NYSE:FCN) reports a Q2 EPS of 60c, consensus 66c. The shares closed at $23.28, down $1.87 or 7.44% on the day. They have traded in a 52-week range of $24.61 to $45.00.
Hhgregg (NYSE:HGG) reports a Q1 revenue of $489.9 million, consensus $486.77 million, and reports its Q1 SSS has dropped 5.1 percent. The shares closed at $6.17, down $0.63 or 9.26% on the day. They have traded in a 52-week range of $6.26 to $16.65.
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Knight Capital Group (NYSE:KCG): As previously revealed, Knight experienced a technology issue at the open of trading at the NYSE yesterday, August 1. The issue was in relation to Knight’s installation of trading software, and it resulted in Knight sending multitudes of erroneous orders in NYSE-listed securities into the market. All of the software was removed from the company’s systems. Clients did not suffer negative effects due to the erroneous orders, and the software issue was limited to the routing of particular listed stocks to NYSE. Knight has traded out of its entire erroneous trade position, which resulted in a realized pre-tax loss of nearly $440 million. Despite the severe impact to the company’s capital base, Knight’s broker/dealer subsidiaries are in total compliance with their net capital requirements. The company actively pursues its strategic and financing alternatives to strengthen its capital base. The shares closed at $2.58, down $4.36 or 62.82% on the day. They have traded in a 52-week range of $6.86 to $14.00.
Lincoln Educational (NASDAQ:LINC): Sees its FY12 EPS in the range of $1.30 to $1.24, consensus 19c. Guidance for the entire year includes nearly $1.34 in charges concerning the goodwill and long-lived assets impairment and campuses shutdown costs. Expected starts for the year, are now predicted to be flat in comparison to the previous year after giving effect to the shutdowns. The shares closed at $3.55, down $0.64 or 15.27% on the day. They have traded in a 52-week range of $4.19 to $13.32.
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