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.
|June 1||Weekly Loss||My Watchlist|
|Complete Genomics (Nasdaq: GNOM )||$2.19||(27%)||Add|
|LDK Solar (NYSE: LDK )||$1.68||(25%)||Add|
|Teavana (NYSE: TEA )||$13.04||(25%)||Add|
|Splunk (Nasdaq: SPLK )||$27.24||(24%)||Add|
|Jamer River Coal (Nasdaq: JRCC )||$2.42||(22%)||Add|
Complete Genomics may have been a star a few weeks ago after posting better-than-expected quarterly results and revealing that it had sequenced the genomes of 600 people from 20 different Mexican-American families. It gave back a good chunk of those gains on no company-specific news last week.
LDK Solar shed 25% of its value on top of losing 21% during the prior week. The manufacturer of polysilicon wafers for solar cells has been crushed since the preliminary U.S. decision to assess an antidumping tariff rate of 31.18% to a group including LDK Solar was made public.
Mr. Market took a leaf blower to Teavana, as the premium tea retailer shed a quarter of its value after posting uninspiring quarterly results. Most high-end retailers delivered better comps growth than the 1.7% that Teavana served up in the period.
Splunk went kerplunk after the "big data" analytics software provider posted its first quarterly results since going public. You know it's a tough crowd when growing revenue by 80% and posting a narrower deficit than analysts were expecting isn't good enough.
Analysts have been downgrading coal miners, and investors are bailing, too. There was no company-specific news on James River Coal, but investors are rotating out of the sector in general, and this central Appalachian miner in particular.
Ready for a bounce
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