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 |
Feb. 3 | Weekly Loss | My Watchlist |
|---|---|---|---|
|
MannKind |
$2.17 | (34%) | Add |
|
Hyperdynamics |
$240 | (29%) | Add |
|
RadioShack |
$7.39 | (27%) | Add |
|
ShoreTel |
$5.40 | (24%) | Add |
|
Polypore |
$46.83 | (17%) | Add |
Source: Barron's.
MannKind was the market's biggest loser, shedding a little more than a third of its value after announcing a dilutive stock offering. MannKind's run into a few speed bumps -- and apparently now a cash crunch -- in getting its inhaled insulin Afrezza on the market.
Hyperdynamics was the Big Board's biggest decliner. It too announced a dilutive share offering at a healthy market discount, and that was enough to prompt Howard Weil to downgrade shares of the oil explorer.
Small-box retailer RadioShack got even smaller after announcing dreadful preliminary results for the holiday quarter. Thinning gross margins find the consumer electronics chain targeting a profit of no more than $0.13 a share for the holiday quarter, well short of the $0.37 a share that analysts were targeting.
ShoreTel may have posted a surprising quarterly profit, but it was the provider of Web-based telephony's bleak near-term outlook that led to investors hanging up on the stock.
Finally, Polypore took a hit after a former customer revealed plans to compete with the company by building its own plant to make filtration membranes. A couple of analysts downgraded Polypore on the news.
It was a rough week for these five stocks. If you want to shake yesterday's losers and ride tomorrow's winners, a new special report reveals Motley Fool's top stock for 2012. It's free, but only for a limited time, so check it out now.
