NEW YORK (
) -- Credit card companies
(V - Get Report)
(MA - Get Report)
were among a small group of firms with stocks hitting fresh 52-week lows Monday morning, even as
the major indexes rose around 1%
Visa shares tumbled several points early in the session on high volume. Its shares touched as low as $65.70 before rebounding somewhat to $65.79. Visa shares have an outperform rating from equity research firm FBR Capital, and a buy rating from
and Stifel Nicolaus.
Shares of MasterCard also traded on high volume, falling to $191 before pushing back up to $192.19. Mastercard shares have a buy rating from
, Argus Research, UBS and
By market cap, the next largest company to touch fresh 52-week lows Monday morning was
, a Beijing-based telecommunications software provider, according to
. The stock fell as low as $16.42 in early trading. It has a buy rating from Kaufman Brothers and a rating of outperform from Wedbush Securities.
(AMAG - Get Report)
, a biopharmaceutical firm, saw its shares fall to $25.01 Monday morning before edging back up to $25.22. AMAG shares were downgraded to neutral from outperform by Robert W. Baird in late July.
has had a buy rating on the stock since January.
(BRKS - Get Report)
shares fell to new low of $5.46 Monday morning. Chipmakers have been in focus after
lowered their quarterly outlooks last week, citing a slowing demand for PCs
. The pair's revised guidance followed a similar revision from
late last month.
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