Today's Market Losers
Today was a solid day for the market despite light trading volumes, with all three major indices closing in positive territory. The Dow Jones Industrial Average (INDEX: ^DJI) led the charge, finishing up 1.12%, while the S&P (INDEX: ^GSPC) and Nasdaq (INDEX: ^IXIC) gained 1.07% and 0.92%, respectively.
While all 30 Dow companies were positive today, there were stocks in the broad markets that didn't fare quite as well. TripAdvisor (NAS: TRIP) , which began trading on Dec. 21 after being spun off from Expedia, ended the day down 3.7%. Helping drive the stock down were more reports that Google might be eyeing a stronger presence in the travel sector.
Deckers Outdoor (NAS: DECK) , an outdoor-footwear manufacturer, dropped 8% on the day. The stock has been falling since Sterne Agee analyst Sam Poser downgraded Deckers on Dec. 15 after the company's UGG shoes and boots logged disappointing sales this fall.
Sears Holdings (NAS: SHLD) continued its decline after announcing weak holiday sales and the closing of up to 120 stores earlier this week. Adding insult to injury, Fitch Ratings downgraded Sears Holdings this afternoon and said it expects the company's liquidity to be "inadequate" in 2012. The share price declined 1.3% on the day and is now down more than 28% since the announcement of the store closures on Tuesday morning.
American Airlines parent company AMR (NYS: AMR) announced after hours that its stock will be dropped from the New York Stock Exchange before the Jan. 5 opening. This should not have come as a surprise, but shares of AMR dropped more than 40% in after-hours trading anyway.
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At the time this article was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of TripAdvisor.Motley Fool newsletter serviceshave recommended buying shares of Deckers Outdoor. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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