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.
Sept. 14 Price
Geron (NAS: GERN)
Titan Machinery (NAS: TITN)
Skullcandy (NAS: SKUL)
Spirit Airlines (NAS: SAVE)
US Airways (NYS: LCC)
Geron lost more than half of its value after some unwelcome news for its once-promising cancer treatment. Geron is canceling its Phase 2 imetelstat clinical trial for the treatment of breast cancer. It's also not going to enter the drug into the critical Phase 3 trial as a treatment for non-small-cell lung cancer.
Titan Machinery powered down after the retailer of farming equipment posted an uninspiring near-term outlook.
Skullcandy faded out after a Morgan Stanley downgrade. The analyst is lowering his outlook and price targets, though it also doesn't help that the new iPhone and iPod EarPods were introduced a day earlier.
Spirit Airlines descended after the value-priced air carrier hosed down its guidance. The discounter -- which offers rock-bottom fares but charges fees on just about everything, including carry-on baggage -- blamed its lower outlook on revenue per available seat mile, partly due to the effects of Hurricane Isaac.
US Airways fell in four of last week's five trading days. Air carriers were generally weak, as a rise in oil prices will press margins. Fare increases across most of the major airlines weren't enough to excite investors.
Ready for a bounce
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The article 5 of Last Week's Biggest Losers originally appeared on Fool.com.The Motley Fool owns shares of Skullcandy. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free 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 the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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