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.
|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|
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.
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.