June 25, 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.
|Body Central (Nasdaq: BODY )
|ATP Oil & Gas (Nasdaq: ATPG )
|Ethan Allen (NYSE: ETH )
|Microvision (Nasdaq: MVIS )
|La-Z-Boy (NYSE: LZB )
Women's apparel retailer Body Central was the market's biggest loser, shedding nearly half of its value after the 254-store chain hosed down its guidance.
Lower oil prices aren't helping offshore driller ATP Oil & Gas. Investors also weren't comforted by the company's private placement of convertible bonds and warrants to shore up its liquidity by $35 million.
Even though it was La-Z-Boy posting disappointing quarterly results, several of its furniture retailing rivals took a hit. Peer Ethan Allen -- clocking in with a 20% decline -- took the news of La-Z-Boy's top- and bottom-line misses even harder.
Microvision shed 22% of its value the prior week after announcing a dilutive secondary offering. The stock continued to tumble last week as the offering closed on Wednesday.
Ready for a bounce
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