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 |
June 22 | Weekly Loss | My Watchlist |
|---|---|---|---|
|
Body Central |
$8.44 | (47%) | Add |
|
ATP Oil & Gas |
$3.87 | (26%) | Add |
|
Ethan Allen |
$18.11 | (20%) | Add |
|
Microvision |
$1.85 | (19%) | Add |
|
La-Z-Boy |
$11.49 | (12%) | Add |
Source: Barron's.
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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