Stocks Hitting 52-Week Lows (AFFX, TSLA, SIFY, HOTT)

Affymetrix Inc AFFX shares lost 22.70% to create a new 52-week low of $4.29. AFFX has lowered its earnings and revenue outlook for the second quarter. Tesla Motors Inc TSLA shares fell 4.10% to create a new 52-week low of $15.45. TSLA also dipped 16% yesterday and reached below its IPO price of $17 per share. Sify Technologies Limited SIFY shares moved down 0.83% to create a new 52-week low of $1.20. SIFY has launched India's first consumer cloud services platform, Sify mylife, to enable digital lifestyle encompassing communication, education, travel, entertainment and utility and enhanced cyber security. Hot Topic Inc HOTT shares dropped 1.26% to $4.72, creating a new 52-week low. HOTT’s shares dipped 30.62% over the past 52 weeks, while the S&P 500 index gained 16.69% in the same period. Read more from Benzinga's Company news.