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.
Active Network (NYS: ACTV)
Western Union (NYS: WU)
Vringo (ASE: VRNG)
Glu Mobile (NAS: GLUU)
VIVUS (NAS: VVUS)
The Big Board's biggest sinker last week was Active Network. The leading provider of online registrations for marathons, triathlons, and other organized events was running the wrong way after a poorly received quarterly report.
Active Network's eyeing a larger-than-expected sequential dip in revenue for the fourth quarter, and targeting another net loss on top-line growth of 12% to 14% in 2013 was shy of what the market was expecting.
Western Union bounced like a bad check after the money-transfer giant offered up unimpressive guidance. Western Union is lowering prices in key markets in a move to combat competitive pressures, and that obviously won't help results in the near term.
Vringo stumbled after a judge moved to narrow the window of prior damages that the company can go after in its patent infringement suit against several dot-com bellwethers.
Several analysts moved to downgrade Glu Mobile on Friday after the app maker posted troublesome guidance. It sees a widening deficit for the period, expecting revenue to come in as much as 27% below Wall Street's top-line target.
VIVUS shed some weight after health-care research firm IMS Health reported that physicians have been writing far fewer prescriptions for VIVUS' anti-obesity drug, Qsymia, than Wall Street was expecting this quarter.
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The article 5 of Last Week's Biggest Losers originally appeared on Fool.com.Longtime Fool contributor Rick Aristotle Munarriz has no positions in the stocks mentioned above. The Motley Fool owns shares of Western Union. Motley Fool newsletter services recommend The Active Network and Western Union. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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