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.
|Dec. 2||Weekly Loss||My Watchlist|
|Gildan Activewear (NYS: GIL)||$16.99||(24%)||Add|
|Francesca's Holdings (NAS: FRAN)||$16.00||(16%)||Add|
|StonMor Partners (NAS: STON)||$24.34||(14%)||Add|
|Zipcar (NAS: ZIP)||$15.16||(10%)||Add|
|Shutterfly (NAS: SFLY)||$29.09||(7%)||Add|
Gildan Activewear investors were in for a downhill workout after the apparel maker posted weaker-than-expected sales growth in its latest quarter. The real dagger here is that it's now targeting a deficit for the current quarter. Analysts figured that Gildan would be profitable during the holiday quarter.
Francesa's Holdings slipped off the rack, hitting a new low ahead of tomorrow's quarterly report. The boutique operator went public at $17 a share this summer, but it has now fallen below its IPO price.
StonMor moved the headstones, but its shares were dead in the water this week. The cemetery-services provider was deep-sixed after Standard & Poor's put StoneMor's credit rating on a negative watch.
Car-sharing leader Zipcar may have rolled out a new cargo van rental service, but investors last week were mostly concerned about Hertz (NYS: HTZ) crashing its party. An MSNBC article detailed how Hertz has recently eliminated annual fees for its Zipcar-like offering and is differentiating itself through one-way rentals.
Then we have Shutterfly blinking as the flash went on. A Cowen & Co. analyst issued a bearish note on the online photofinishing specialist, fearing that aggressive pricing by Snapfish will eat into Shutterfly's business.
It was a rough week for these five stocks. Let's see if they bounce back.
At the time this article was published The Motley Fool owns shares of Zipcar and StoneMor Partners.Motley Fool newsletter serviceshave recommended buying shares of Zipcar. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story, except for Zipcar. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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