5 of Last Week's Biggest Losers
There's never a shortage of losers in the stock market.
Let's take a closer look at five of this past week's biggest sinkers.
|March 23||Weekly Loss||My Watchlist|
|KIT digital (NAS: KITD)||$6.33||(28%)||Add|
|Cenveo (NYS: CVO)||$3.43||(26%)||Add|
|KB Home (NYS: KBH)||$10.29||(19%)||Add|
|Yongye (NAS: YONG)||$3.17||(18%)||Add|
|Jaguar Mining (NYS: JAG)||$5.04||(15%)||Add|
KIT digital was one of last week's biggest losers, suffering most of its 28% drop on Friday after revealing that four directors of the software and services company were stepping down.
Cenveo tumbled after the printing specialist announced an increase in its debt reduction plan. Normally the market would applaud a print shop trying to tackle the $1.2 billion in debt on its books, but the market's apparently worried about Cenveo's ability to succeed.
KB Home posted a narrower quarterly deficit, but the home wrecker here was an 8% plunge in new home orders.
China's Yongye took a hit on Monday afternoon and never bounced back. Even though the company posted monstrous 82% sales growth last year, a whopping 43% of those sales had yet to be collected by year-end. That's not good, and Yongye decided to take a provision for bad debt given its collection challenges.
Jaguar Mining dug itself into a hole after coming up short in its latest quarter. It posted an adjusted loss while Wall Street was holding out for a small profit.
Ready for a bounce
It was a rough week for these five stocks. If you want to shake yesterday's losers and ride tomorrow's winners, a new special report reveals Motley Fool's top stock for 2012. It's free, but only for a limited time, so check it out now.
At the time this article was published Motley Fool newsletter serviceshave recommended buying shares of Yongye International. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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