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.
|June 1||Weekly Loss||My Watchlist|
|Complete Genomics (NAS: GNOM)||$2.19||(27%)||Add|
|LDK Solar (NYS: LDK)||$1.68||(25%)||Add|
|Teavana (NYS: TEA)||$13.04||(25%)||Add|
|Splunk (NAS: SPLK)||$27.24||(24%)||Add|
|Jamer River Coal (NAS: JRCC)||$2.42||(22%)||Add|
Complete Genomics may have been a star a few weeks ago after posting better-than-expected quarterly results and revealing that it had sequenced the genomes of 600 people from 20 different Mexican-American families. It gave back a good chunk of those gains on no company-specific news last week.
LDK Solar shed 25% of its value on top of losing 21% during the prior week. The manufacturer of polysilicon wafers for solar cells has been crushed since the preliminary U.S. decision to assess an antidumping tariff rate of 31.18% to a group including LDK Solar was made public.
Mr. Market took a leaf blower to Teavana, as the premium tea retailer shed a quarter of its value after posting uninspiring quarterly results. Most high-end retailers delivered better comps growth than the 1.7% that Teavana served up in the period.
Splunk went kerplunk after the "big data" analytics software provider posted its first quarterly results since going public. You know it's a tough crowd when growing revenue by 80% and posting a narrower deficit than analysts were expecting isn't good enough.
Analysts have been downgrading coal miners, and investors are bailing, too. There was no company-specific news on James River Coal, but investors are rotating out of the sector in general, and this central Appalachian miner in particular.
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 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.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.