24/7 Wall St. '52-Week Low Club'

24/7 Wall St. is introducting the "52-Week Low Club" where we point out the big stocks that reached their 52-week low on a given today. Today's additions to the club are two well known companies who reported weak earnings.

Shares of Groupon (NASDAQ: GRPN) fell 3.45% Wednesday to $5.32, below the previous 52-week low of $5.46.   On Tuesday, Groupon reported earnings that missed analyst estimates. Groupon's market share in the daily deals sector has also fallen, according to Yipit. It now controls a 53% market share, compared to a 56% market share in the previous three month period.  Trading volume hovered around 18.2 million shares before market close.

Shares of Staples (NASDAQ: SPLS) fell 14.60% to $11.49, below the previous 52-week low of $12.10. The company's sales were below Wall Street expectations. Staples also said sales would stay flat for 2012, despite saying sales would grow in the low single-digits previously. Trading volume hovered around 86.7 million shares before market close.

Samuel Weigley

Filed under: 24/7 Wall St. Wire Tagged: GRPN, SPLS
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.