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 22||Weekly Loss||My Watchlist|
|Body Central (NAS: BODY)||$8.44||(47%)||Add|
|ATP Oil & Gas (NAS: ATPG)||$3.87||(26%)||Add|
|Ethan Allen (NYS: ETH)||$18.11||(20%)||Add|
|Microvision (NAS: MVIS)||$1.85||(19%)||Add|
|La-Z-Boy (NYS: LZB)||$11.49||(12%)||Add|
Women's apparel retailer Body Central was the market's biggest loser, shedding nearly half of its value after the 254-store chain hosed down its guidance.
Lower oil prices aren't helping offshore driller ATP Oil & Gas. Investors also weren't comforted by the company's private placement of convertible bonds and warrants to shore up its liquidity by $35 million.
Even though it was La-Z-Boy posting disappointing quarterly results, several of its furniture retailing rivals took a hit. Peer Ethan Allen -- clocking in with a 20% decline -- took the news of La-Z-Boy's top- and bottom-line misses even harder.
Microvision shed 22% of its value the prior week after announcing a dilutive secondary offering. The stock continued to tumble last week as the offering closed on Wednesday.
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.
The article 5 of Last Week's Biggest Losers originally appeared on Fool.com.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.