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.
Let's start with ImmunoCellular Therapeutics. The biotech lost nearly two-thirds of its value as a once potentially promising cancer drug fell short in a clinical trial. The overall survival of patients with glioblastoma was not deemed to be statistically significant in the test during the second of three required clinical trial phases.
Violin Memory continued its autumn slide on reports that its chief technical officer is leaving the company. Class action lawsuits also continued to pile on during the week, following last month's brutal quarterly report at the maker of computer data storage products. Violin Memory's surprisingly large loss and weak guidance came in its first financial report as a public company. You don't get a second chance at making a first impression.
Triangle Petroleum was gushing losses after the energy explorer reported quarterly results. Triangle's profit of $0.18 a share fell short of the $0.24 analysts were targeting for the period.
Gigamon, the developer of data traffic management software, tumbled late in the week as D.A. Davidson analyst Mark Kelleher initiated coverage with a disappointing "neutral" rating. He argues that faster network connections should increase demand for Gigamon's offerings, but Kellerher's price target of $28 was nearly where the stock already was at the time.
Gogo soared 23% a week earlier after announcing certification for deploying its Ku-satellite technology in Boeing 747-400 aircraft. The move allows the in-flight Wi-Fi provider to make an international push. Gogo gave back roughly half of those gains this past week. There was legislation introduced in Congress to block voice calls -- something that could be seen as detrimental to the value of Gogo's airborne connectivity -- but the sell-off was probably more a case of profit-taking after the prior week's rally.
Bounce back with nine stocks that pay you even when they go down
If you owned some of these losers, how about following the smart money into winners? Dividend stocks, for one, can make you rich. It's as simple as that. While they don't garner the notability of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this free report of nine that fit the bill. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now.
The article 5 of Last Week's Biggest Losers originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.