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 |
My Watchlist |
|---|---|---|---|
|
Swisher Hygiene |
$1.57 | (24%) | Add |
|
Big Lots |
$430.28 | (21%) | Add |
|
ImmunoCellular |
$2.43 | (20%) | Add |
|
ZAGG |
$6.99 | (17%) | Add |
|
Best Buy |
$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
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