By
Rick Aristotle Munarriz
|
More Articles
June 25, 2012
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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 (Nasdaq: BODY ) |
$8.44 |
(47%) |
Add |
| ATP Oil & Gas (Nasdaq: ATPG ) |
$3.87 |
(26%) |
Add |
| Ethan Allen (NYSE: ETH ) |
$18.11 |
(20%) |
Add |
| Microvision (Nasdaq: MVIS ) |
$1.85 |
(19%) |
Add |
| La-Z-Boy (NYSE: LZB ) |
$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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