More Pain for Shareholders of Cisco, Cree, and DreamWorks
New 52-week lows for shares of Cree, Inc. (NASDAQ:CREE), Cisco Systems (NASDAQ:CSCO) and DreamWorks Animation SKG, Inc. (NASDAQ:DWA).
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Cree, Inc. (NASDAQ:CREE) hit a new 52-week low of $46.63 per share. Cree shares have fallen nearly one-third since January. iStockAnalyst.com wrote up a good article Monday on the subject of Should You Invest In Cree, Inc.? - click to read
Cisco Systems (NASDAQ:CSCO) got down to $18.02 a share before recovering to $18.12. Cisco shares can't catch a break and have lost 18% since its latest earnings call on Feb 9th. Check out Cisco's Message to Wall Street: Stay here, I'll be back by Frank Lara Jr for some insight into the stock.
DreamWorks Animation (NASDAQ:DWA) fell to a new 12 month low of $25.71 per share today. There appears to be no stopping this stock from falling, depsite today's announcement of its feature film release slate through 2014. The Company's current plan features six original films and is anchored by three sequels based on its hit Kung Fu Panda, Madagascar and How to Train Your Dragon franchises.