Chesapeake Energy, Alaska Communications Systems Group Among Stocks falling to Annual Lows Wednesday

Three stocks hit to 52-week lows:

• The share price of Chesapeake Energy (NYSE:CHK) declined today, reaching and then dropping even further past its previous 52-week low of $16.78 to $16.72. The stock was trading on above-average volume. Shares were traded at a volume of 145.4 million and fell 14.6%. The stock has been on a downward trajectory over the last two months, slipping $7.49 (-30.9%) from a price of $24.23 on March 5, 2012. The stock is trading at 79.4% of its 50-day moving average and 70.8% of its 200-day moving average.

• While trading on above-average volume, Alaska Communications Systems Group (NASDAQ:ALSK) slid today, hitting and then dropping past its previous 52-week low to $2.28. The stock price fell 5.6% after trading at a volume of 783,830.

• While trading on below-average volume, IRSA Inversiones Representaciones (NYSE:IRS) slipped today, hitting and then dropping past its previous 52-week low to $7.77. The stock price was down 3% with a volume of 20,710. Shares are down over the last two months as the price has dropped $3.35 (-30.1%) from a price of $11.12 on March 5, 2012. The stock is trading at 83.8% of its 50-day moving average and 77.2% of its 200-day moving average.