Stocks Hitting 52-Week Lows

Korn/Ferry International KFY shares touched a new 52-week low of $22.42. Korn/Ferry posted upbeat results for its fourth quarter, but issued a weak earnings forecast. Baird downgraded Korn/Ferry from Outperform to Neutral. Foot Locker, Inc. FL shares dropped 1.95 percent to touch a new 52-week low of $53.18. Foot Locker shares have declined 14.89 percent over the past 52 weeks, while the S&P 500 index has dropped 2.34 percent in the same period. Cavium Inc CAVM shares reached a new 52-week low of $39.67. Cavium announced plans to buy QLogic Corporation QLGC for about $1.36 billion. American Airlines Group Inc AAL shares fell 3.51 percent to touch a new 52-week low of $29.42. BofA/Merrill Lynch downgraded American Airlines from Neutral to Underperform.