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.
|May 11||Weekly Loss||My Watchlist|
|MAKO Surgical (NAS: MAKO)||$23.20||(42%)||Add|
|Fossil (NAS: FOSL)||$78.55||(39%)||Add|
|Jaguar Mining (NYS: JAG)||$1.53||(34%)||Add|
|MEMC Electronic Materials (NYS: WFR)||$2.26||(33%)||Add|
|Dendreon (NAS: DNDN)||$9.06||(20%)||Add|
MAKO was a big loser last week, tumbling after posting disappointing quarterly results: The company sold just six of its Rio systems that provide robotic precision to some orthopedic procedures.
Fossil definitely felt like a fossil after the trendy watchmaker posted problematic quarterly results. Weakness in Germany and South Korea stung, but the company is also lowering its near-term profit outlook.
Jaguar Mining may be a cat that's running out of lives. The miner failed to impress investors with its turnaround plan.
Several analysts downgraded MEMC after weak demand for its solar products results in a larger than forecasted quarterly deficit.
Finally, Dendreon slipped after telling investors that sales of its prostate cancer treatment Provenge aren't so hot. Is anyone surprised? Provenge is pretty darn expensive, regardless of the company's stance that it simply needs to do a better job in the education process. An uninspiring outlook isn't helping, either.
Ready for a bounce
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At the time this article was published The Motley Fool owns shares of MAKO Surgical, Fossil, and Dendreon.Motley Fool newsletter serviceshave recommended buying shares of Fossil and MAKO Surgical.Motley Fool newsletter serviceshave recommended shorting Fossil. 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.