By
Rick Aristotle Munarriz
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More Articles
December 5, 2011
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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.
|
Company
|
Dec. 2 |
Weekly Loss |
My Watchlist |
| Gildan Activewear (NYSE: GIL ) |
$16.99 |
(24%) |
Add |
| Francesca's Holdings (Nasdaq: FRAN ) |
$16.00 |
(16%) |
Add |
| StonMor Partners (Nasdaq: STON ) |
$24.34 |
(14%) |
Add |
| Zipcar (Nasdaq: ZIP ) |
$15.16 |
(10%) |
Add |
| Shutterfly (Nasdaq: SFLY ) |
$29.09 |
(7%) |
Add |
Source: Barron's.
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 (NYSE: 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.
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