Stocks Hitting 52-Week Lows

Castlight Health, Inc. CSLT shares touched a new 52-week low of $6.853. Castlight reported Q4 earnings of $0.17 per share on revenue of $14.5 million, and issued a weak revenue forecast. Intelsat S.A. I shares reached a new 52-week low of $14.595. JP Morgan downgraded Intelsat from Neutral to Underweight and lowered the price target from $17.00 to $12.00. iPass Inc. IPAS shares fell 24.99% to touch a new 52-week low of $0.95. iPass reported a Q4 loss of $0.04 per share on revenue of $17.2 million. iPass replaced its chief executive and said it decided to remain independent after concluding a review that included a possible sale. Chardan Capital downgraded iPass from Buy to Neutral. Global Sources Ltd. GSOL shares dropped 1.94% to reach a new 52-week low of $5.55. Global Sources shares have dropped 17.85% over the past 52 weeks, while the S&P 500 index has gained 14.13% in the same period.