By
Rick Aristotle Munarriz
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More Articles
August 27, 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. 24
|
Weekly Loss
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My Watchlist
|
| Swisher Hygiene (Nasdaq: SWSH ) |
$1.57 |
(24%) |
Add |
| Big Lots (NYSE: BIG ) |
$430.28 |
(21%) |
Add |
| ImmunoCellular (NYSE: IMUC ) |
$2.43 |
(20%) |
Add |
| ZAGG (Nasdaq: ZAGG ) |
$6.99 |
(17%) |
Add |
| Best Buy (NYSE: BBY ) |
$17.31 |
(15%) |
Add |
Source: Barron's.
Swisher was flushed by Wall Street after the company's CEO announced that he was leaving on Monday. Swisher also received a Nasdaq notice indicating that the company is not in compliance for its exchange listing.
Big Lots fell -- lots -- after posting a brutal quarterly report. Profit clocked in well short of expectations, and sales also failed to live up to projections as domestic stores suffered a nearly 2% slide in comps. The retailer of discounted clearance and overstocks is apparently not the all-weather investment that many investors thought it would be.
ImmunoCellular Therapeutics slipped after the fledgling biotech's CEO -- Manish Singh, who was also the company's president and a board director -- resigned.
ZAGG took a hit after the maker of protective screen covers and other gadget accessories revealed that its CEO would be stepping down. A margin call forced him to sell a chunk of his company's stock a week earlier.
Best Buy got even cheaper after posting a lousy quarterly report and handing its new CEO an outrageous pay package.
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.
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