(By Mayur Pahilajani - iStockAnalyst Writer)
New York, NY - Some of the stocks from different sectors hit a fresh 52-week low on Monday after Wall Street stock trade higher on overall positive market sentiment.
Goldman Sachs Group, Inc (NYSE: GS):
The brokerage firm is expected to post a net loss for its fourth quarter due to depleting credit market condition, according to the market analysts on Wall Street. The quarterly loss is expected to be the first loss in 10 years in the Goldman Sachs's history. Experts believe that the company may post earnings of $1.62 per share on an average in the quarter. Shares of the company were trading down by $4.93 or 6.34 percent to $72.85 in the early trading session on the New York Stock Exchange on Monday. The stock hit a 52-week low of $71.40 from the previous low of $74.00. The company has traded as high as $240.05 per share in the last 12 months.
ArthroCare Corporation (NASDAQ GS: ARTC):
Shares of the firm were trading higher by 23 cents or 1.35 percent to $17.24 on NASDAQ trading after hitting a low of $16.89 close to its previous 52-week low of $16.76 per share. The stock has traded as high as $62.49. The Austin, Texas-based company, which makes minimally invasive surgical products, is expected to restate its quarterly results from 2006, 2007 and the first quarter of 2008. The company faces lawsuit from a shareholder.
Aeropostale Inc (NYSE: ARO):
The company was downgraded at Barclays Bank PLC (BCS) from "Equal-weight" to "Underweight" ratings. The firm also lowered its share price target at $18. The company recently announced that its total net sales for the four-week period ending November 1 this year jumped by 9 percent to $127.4 million, from $116.4 million for the same period ending November 3, 2007. For the third quarter the company's sales jumped by 17 percent to $482.0 million, from $412.6 million in the year ago period. Shares of the firm were down by $1.96 or 9.95 percent at $17.74 on Monday. The stock hit a 52-week low of $17.50 from the previous low of $19.06. The company has traded as high as $37.40 per share in the last 12 months.
Urban Outfitters Inc (NASDAQ GS: URBN):
Shares of the retailer were trading down by $1.21 or 6.91 percent to $16.29 on Monday's late morning trading session. The stock hit a 52-week low of $16.32 from the previous low of $16.61. The company has traded as high as $38.40 per share in the last 12 months. The Philadelphia-based company reported that in its third quarter ended October 31, sales increased by 26 percent to $478 million, compared to sales of $379 million in the same quarter last year. But the market analysts are still not impressed with the recent quarterly report from the company.
Pediatrix Medical Group, Inc (NYSE: PDX):
Health care services company recently reported that it expects fourth-quarter profit below the projection by the market analysts on Wall Street, citing lower patient volume. The company said it expects earnings guidance between 77 cents and 81 cents per share, from its previous estimate of 84 cents to 87 cents per share for the same quarter. The analysts expected the company to post earnings of 82 cents per share. Shares of the company on Monday were up by 25 cents or 0.82 percent to $30.65 after hitting a low of $30.20 close to its previous 52-week low of $30.00 per share. The stock has traded as high as $72.51.
