Stocks Hitting 52-Week Lows

Fossil Group Inc FOSL shares reached a new 52-week low of $27.475 as the company reported downbeat results for its first quarter and issued a weak earnings forecast for the current quarter. Office Depot Inc ODP shares fell 38.67 percent to touch a new 52-week low of $ 3.73 following announcement of termination of merger agreement with Staples, Inc. SPLS. C&J Energy Services, Ltd. CJES shares fell 51.41 percent to touch a new 52-week low of $0.520. C&J Energy Services reported Q1 adjusted loss of $0.61 per share on revenue of $269.6 million. Macy's, Inc. M shares dropped 12.08 percent to touch a new 52-week low of $32.52. Macy's reported better-than-expected Q1 earnings, but missed analysts' sales estimates. The company also lowered its forecast for the full year.