Stocks Hitting 52-Week Lows

Intelsat SA I shares touched a new 52-week low of $2.73. Goldman Sachs downgraded Intelsat from Neutral to Sell and lowered the price target from $7.00 to $3.00. Ituran Location and Control Ltd. (US) ITRN shares fell 2.23 percent to reach a new 52-week low of $17.06. Ituran Location and Control shares have dropped 17.18 percent over the past 52 weeks, while the S&P 500 index has declined 3.61 percent in the same period. Legg Mason Inc LM shares dropped 3.59 percent to touch a new 52-week low of $34.12. Legg Mason reported preliminary December AUM of $671.5 billion. KCAP Financial Inc KCAP shares touched a new 52-week low of $3.363. KCAP Financial shares have dropped 47.50 percent over the past 52 weeks, while the S&P 500 index has declined 3.61 percent in the same period.