NEW YORK (
) -- Credit card companies
Visa
(V) - Get Report
and
MasterCard
(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
UBS
(UBS) - Get Report
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
Deutsche Bank
(DB) - Get Report
, Argus Research, UBS and
Credit Suisse
(CS) - Get Report
.
By market cap, the next largest company to touch fresh 52-week lows Monday morning was
AsiaInfo-Linkage
(ASIA)
, a Beijing-based telecommunications software provider, according to
Barchart
. 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 Pharmaceuticals
(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.
Citigroup
(C) - Get Report
has had a buy rating on the stock since January.
Semiconductor maker
Brooks Automation
(BRKS) - Get Report
shares fell to new low of $5.46 Monday morning. Chipmakers have been in focus after
Texas Instruments
(TXN) - Get Report
and
National Semiconductor
(NSM)
lowered their quarterly outlooks last week, citing a slowing demand for PCs
. The pair's revised guidance followed a similar revision from
Intel
(INTC) - Get Report
late last month.
>>China, Data, Politics Keys to Coming Week
Shares of
SurModics
(SRDX) - Get Report
, a provider of drug delivery (coatings and implants) and surface modification (lubricity) technologies to the healthcare industry, fell to $10.82 Monday morning before pushing back up to $11.04. SurModics has an underperform rating from research firms Rodman & Renshaw and Barrington Research.
China Sky One Medical
(CSKI)
, a Hong Kong-based manufacturer of over-the-counter and nutritional supplements, lost several points in early trading, falling to $6.33 per share. At midday the stock traded around $6.40, still down nearly 3% on the day.
Shares of Insurance holding company
21st Century Holding
(TCHC)
fell to $3.20 early Monday. At midday firm's shares were down nearly 4% on double their average trading volume.
-- Written by Miriam Marcus Reimer in New York.
>To contact the writer of this article, click here:
Miriam Reimer
.
>To follow the writer on Twitter, go to
http://twitter.com/miriamsmarket
.
>To submit a news tip, send an email to:
.
RELATED STORIES:
>> Bankruptcy Watch: 20 Riskiest Restaurant Stocks
>> Bankruptcy Watch: 10 Riskiest Hotel Stocks
>> Which 52-Week-High Stock Will Outperform?
>> 18 Dividend Stocks Increasing Payouts
>> Chipotle, Yum! Hit Record Highs
>>See our new stock quote page.
Get more stock ideas and investing advice on our sister site,
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
