By
Rick Aristotle Munarriz
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More Articles
August 6, 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
|
Aug. 3 |
Weekly Loss |
My Watchlist |
| Halozyme Therapeutics (Nasdaq: HALO ) |
$4.61 |
(53%) |
Add |
| Zipcar (Nasdaq: ZIP ) |
$6.75 |
(39%) |
Add |
| Molycorp (NYSE: MCP ) |
$11.49 |
(34%) |
Add |
| Dendreon (Nasdaq: DNDN ) |
$4.45 |
(29%) |
Add |
| RealD (NYSE: RLD ) |
$9.87 |
(23%) |
Add |
Source: Barron's.
Halozyme Therapeutics was clobbered after the FDA rejected its drugs.
Zipcar went in reverse after the car-sharing service posted brutal quarterly results that missed Wall Street's top- and bottom-line targets. The leading provider of auto rentals by the hour also presented soft guidance for the current quarter.
Molycorp took a hit after stunning the market with a steep and unexpected quarterly loss. Sluggish prices for the company's rare-earth minerals are holding Molycorp back.
Cancer-drug developer Dendreon tumbled after posting a wide loss and announcing a cost-cutting plan that includes closing down one of its manufacturing facilities.
RealD screened a horror movie after posting a quarterly profit that clocked in at just a third of what analysts were expecting. Increasing costs and an unflattering mix of recycled 3-D eyewear in shipments slammed margins.
Ready for a bounce
It was a rough week for these five stocks. If you want to shake yesterday's losers and ride tomorrow's winners, a new special report reveals Motley Fool's top stock for 2012. It's free, but only for a limited time, so check it out now.