Sony and Trina Solar Lead These Stocks to New 52-Week Lows
Skywest (NASDAQ:SKYW): Bad news is in store for frequent fliers, as the Senate Appropriations Committee voted Tuesday to increase the one-way security fee for airline passengers by $2.50, according to The Hill. An airline lobbying group calculated the numbers and said the increase would cost passengers $700M per year. Skywest shares closed at $7.26, down 1.76% on the day. They have traded in a 52-week range of $7.28 to $15.54.
Sony Corp (NYSE:SNE) and Samsung are trying to save profit margins by having retailers pull in discounts on TVs, a practice that may help protect chains like Best Buy Co. (NYSE:BBY) and Target (NYSE:TGT) from online competitors, according the Wall Street Journal. Sony shares were down 1.21% on the day and closed at $13.83. They have traded in a 52-week range of $16.16 to $29.10.
Trina Solar Limited (NYSE:TSL): The bad news continues for Trina Solar, whose previous guidance of between 400 MW to 430 MW represents a decrease of 10.6% sequentially. Shares dropped 4.13% and closed at $5.55 and have traded in a 52-week range of $5.20 to $28.84.
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