July 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.
|Research In Motion (Nasdaq: RIMM )
|GeoEye (Nasdaq: GEOY )
|James River Coal (Nasdaq: JRCC )
|Proto Labs (NYSE: PRLB )
|Nokia (NYSE: NOK )
Research In Motion's motion wasn't appreciated by shareholders, as the BlackBerry maker shed a quarter of its value after posting a sharper loss than analysts were expecting on a brutal 42% top-line slide.
GeoEye carves a cozy living as a high-tech shutterbug taking satellite snapshots, but last week it didn't give investors a pretty picture. The company is warning that a federal agency may be scaling back on a juicy $3.8 billion satellite imagery contract.
James River Coal slipped after Standard & Poor's downgraded the coal company. It's been a rough run for James River Coal and its peers lately.
Proto Labs went public earlier this year, and that's usually an invitation for analysts to chime in with rosy coverage. Well, Jefferies initiated coverage of the on-demand 3-D publisher with an uninspiring "hold" rating.
Nokia continues to be more finished than Finnish. The stock tumbled again last week, initially fueled by the success that Samsung is having with its Android-fueled Galaxy. It seems as if Nokia may have bet on the wrong horse in the smartphone mobile operating system race.
Ready for a bounce
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