Stocks Hitting 52-Week Lows

Infoblox BLOX shares tumbled 38.84% to reach a new 52-week low of $12.55 after the company reported that its CEO Robert Thomas is stepping down. The company also issued a downbeat forecast for the fiscal fourth quarter. Analysts at Deutsche Bank downgraded Infoblox from Buy to Hold and lowered the target price from $30 to $18. Express EXPR shares fell 12.25% to touch a new 52-week low of $11.96 after the company reported weaker-than-expected first-quarter earnings and lowered its full-year earnings guidance. Chanticleer Holdings HOTR shares reached a new 52-week low of $1.86. Chanticleer shares have dropped 8.60% over the past 52 weeks, while the S&P 500 index has gained 17.74% in the same period. Pacific Sunwear of California PSUN shares fell 23.81% to reach a new 52-week low of $2.24 on Q1 earnings and poor outlook.