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.

Company

March 23 Weekly Loss My Watchlist
KIT digital (Nasdaq: KITD  ) $6.33 (28%) Add
Cenveo (NYSE: CVO  ) $3.43 (26%) Add
KB Home (NYSE: KBH  ) $10.29 (19%) Add
Yongye (Nasdaq: YONG  ) $3.17 (18%) Add
Jaguar Mining (NYSE: JAG  ) $5.04 (15%) Add

Source: Barron's.

KIT digital was one of last week's biggest losers, suffering most of its 28% drop on Friday after revealing that four directors of the software and services company were stepping down.

Cenveo tumbled after the printing specialist announced an increase in its debt reduction plan. Normally the market would applaud a print shop trying to tackle the $1.2 billion in debt on its books, but the market's apparently worried about Cenveo's ability to succeed.

KB Home posted a narrower quarterly deficit, but the home wrecker here was an 8% plunge in new home orders.

China's Yongye took a hit on Monday afternoon and never bounced back. Even though the company posted monstrous 82% sales growth last year, a whopping 43% of those sales had yet to be collected by year-end. That's not good, and Yongye decided to take a provision for bad debt given its collection challenges.

Jaguar Mining dug itself into a hole after coming up short in its latest quarter. It posted an adjusted loss while Wall Street was holding out for a small profit.

Ready for a bounce
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.

Motley Fool newsletter services have recommended buying shares of Yongye International. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1843511, ~/Articles/ArticleHandler.aspx, 10/25/2014 3:21:30 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement