New 52-week Lows for BIDZ.com, Hot Topic, and Seahawk Drilling (BIDZ, HOTT, HAWK)

52-Week Lows

New 52-week lows for shares of Hot Topic (NASDAQ:HOTT), BIDZ.com, Inc. (NASDAQ:BIDZ), and Seahawk Drilling, Inc. (NASDAQ:HAWK).  All these stocks are feeling the pain today and they may fall even further.

Hot Topic (NASDAQ:HOTT) hit a new low of $5.28 a share, in the last month shareholders have lost almost 30%.  Today more bad news plagued the company when Hot Topic posted a bigger-than-expected drop in same-store sales in November.

Hot Topic posted a 11.7% drop in sales at stores open at least a year, worse than its own estimate of a decline of 8 percent to 11%.

BIDZ.com, Inc. (NASDAQ:BIDZ) hit $2.15 a share today before recovering to $2.19.  Over the last 52-weeks shares of BIDZ.com have ranged from $2.15 to $5.28.  Last month BIDZ.com reported Q3 EPS of Zero Cents, but that was 1 cent worse than the analyst estimate of $0.01.

Revenue for the quarter was $24.8 million, which compares to the estimate of $22.68 million. The Company is introducing new revenue guidance for the fourth quarter of 2009 of $28-$32 million, gross profit margin of approximately 28-30%, pre-tax income of approximately $0.4-$1.5 million and expects fully taxed GAAP EPS of $0.01-$0.04. (Q4 revenue consensus is $34.51M)

Seahawk Drilling, Inc. (NASDAQ:HAWK) shares sank to a new low of $19.76 today, down 3% for the day.  Since last Sept. HAWK shares have fallen 43%.

Today's New Lows BIDZ, HAWK, HOTT
Company name Price Change Chg % Mkt Cap
BIDZ BIDZ.com, Inc. 2.18 -0.09 -3.96% 48.21M
HOTT Hot Topic, Inc. 5.31 -0.30 -5.35% 235.21M
HAWK Seahawk Drilling, Inc. 20.00 -0.69 -3.33% 231.60M

 

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