Last Week's Biggest Movers on Wall Street
Let's go over some of last week's best and worst performers.
Republic Airways (RJET) -- Up 107 percent last week
Shares of the regional air carrier more than doubled after playing nice with its pilots. The two sides came to terms on a new three-year contract. Republic's stock took a hit last month after the union representing its 2,100 pilots refused to let them vote on a company offer.
The impasse was enough to suggest a bankruptcy filing was the only way out, but now that situation has been settled. Republic Airways still has a long way to go to before bouncing back. Even after more than doubling last week, the stock has still shed more than half of its value through 2015.
JinkoSolar (JKS) -- Up 21 percent last week
Things got brighter for the maker of solar energy components after a pair of favorable developments. It kicked off the week by announcing a deal to supply Mexico's largest solar photovoltaic plant with solar modules. It then reached a settlement in a securities class action lawsuit. It also only helps that Chinese growth stocks in general bounced back last week.
SanDisk (SNDK) -- Up 17 percent last week
An analyst upgrade helped prop up the market leader in flash memory. Morgan Stanley's feeling upbeat about how the next few quarters will play out for SanDisk, and it's raising its rating to a bullish "overweight" market call. Morgan Stanley (MS) analyst Joseph Moore set a price target of $75, suggesting that there's still 26 percent of upside in the stock.
Barracuda Networks (CUDA) -- Down 29 percent last week
The New York Stock Exchange's biggest sinker was the maker of storage and security products after it posted fresh financials. The quarter itself was fine, with revenue in line with expectations and adjusted net income surpassing analyst forecasts.
Guidance was another story. The midpoint of Barracuda's outlook for the current quarter calls for revenue and earnings growing 12 percent and 25 percent, respectively. That's well short of where Wall Street pros were perched. Barracuda tried to support its stock a day later by authorizing $50 million in stock buybacks, but that wasn't enough to sway the disappointed.
Crocs (CROX) -- Down 21 percent last week
The maker of ugly yet comfortable resin shoes has had its ups and downs over the years, and the stock tanked last week after it lowered its sales outlook for the current quarter. It now sees $270 million to $280 million for the quarter, $10 million below its earlier projection. Either way, it would be a lot less than a year earlier, when it topped $300 million in sales.
Tuesday Morning (TUES) -- Down 17 percent last week
It was a rough Tuesday morning for Tuesday Morning as the discount retailer announced that its CEO would be resigning effective immediately. The market didn't like the abrupt resignation of Michael Rouleau, even though the stock has taken a beating lately. An infusion of talent at the top wouldn't be a bad thing, but investors don't seem to like uncertainty.
Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool owns shares of Crocs. Try any of our Foolish newsletter services free for 30 days. Check out our free report on one great stock to buy for 2015 and beyond.