April 2, 2012
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.
|Fortuna Silver Mines (NYSE: FSM )
|Swisher Hygiene (Nasdaq: SWSH )
|Saba Software (Nasdaq: SABA )
|Vipshop (NYSE: VIPS )
|InvenSense (NYSE: INVN )
Fortuna Silver Mines didn't strike it rich after an uninspiring quarterly report -- conveniently posted several hours after the market closed for the prior week -- led to a CIBC downgrade.
Swisher slipped after the sanitation services provider warned that it would be delaying its annual report. Restatements may be necessary. The company has plenty of potential, but its heady streak of acquisitions in a sector ripe for consolidation may be finally taking its toll.
Saba also has its bean counters working overtime. The provider of cloud-based training and Web conferencing solutions revealed that it will be delaying its third-quarter report after an internal accounting review.
Vipshop continues to be a heartbreaker of an IPO. The Chinese website operator offering flash sales on consumer goods went public less than two weeks ago at $6.50. It continues to lose ground.
InvenSense moved the wrong way after Oppenheimer downgraded shares of the motion-sensing chip maker, relinquishing its outperform rating.
Ready for a bounce
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