Stocks Hitting 52-Week Lows

Safe Bulkers, Inc. SB shares touched a new 52-week low of $3.12. Citigroup downgraded Safe Bulkers from Neutral to Sell and lowered the price target from $4.00 to $2.00. Norfolk Southern Corp. NSC shares dropped 0.52 percent to touch a new 52-week low of $89.99. Norfolk Southern shares have dropped 11.12 percent over the past 52 weeks, while the S&P 500 index has surged 7.01 percent in the same period. GlobeImmune Inc GBIM shares fell 21.39 percent to reach a new 52-week low of $3.05 following the announcement of evaluating of strategic alternatives. Boulder Brands Inc BDBD shares reached a new 52-week low of $7 after the company reported the resignation of CEO Steve Hughes and projected sales to decline in the second quarter.