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.
|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|
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
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