Stocks Hitting 52-Week Lows

Rhino Resource Partners LP

shares tumbled 54.58% to touch a new 52-week low of $5.40 after the company lowered its Q3 distribution to $0.05 per unit from $0.445 per unit. Raymond James downgraded Rhino Resource Partners from Outperform to Underperform. International Business Machines

shares fell 4.05% to reach a new 52-week low of $162.25. Bank of America lowered the price target on IBM from $200.00 to $185.00. On Monday, the company posted downbeat profit in the third quarter and announced its plans to pay $1.5 billion to Globalfoundries to take over its chip unit. ARM Holdings plc

shares reached a new 52-week low of $38.29 after the company reported Q3 results. eGain

shares fell 2.05% to touch a new 52-week low of $4.29. eGain is expected to announce FQ1 financial results on November 3, 2014.