By
Rick Aristotle Munarriz
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More Articles
November 5, 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.
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Company
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Nov. 2
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Weekly Loss
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My Watchlist
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Active Network (NYSE: ACTV )
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$5.42
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(40%)
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Add
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Western Union (NYSE: WU )
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$11.95
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(33%)
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Add
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Vringo (NYSEMKT: VRNG )
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$2.77
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(31%)
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Add
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Glu Mobile (Nasdaq: GLUU )
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$2.56
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(21%)
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Add
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VIVUS (Nasdaq: VVUS )
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$14.33
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(18%)
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Add
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Source: Barron's.
The Big Board's biggest sinker last week was Active Network. The leading provider of online registrations for marathons, triathlons, and other organized events was running the wrong way after a poorly received quarterly report.
Active Network's eyeing a larger-than-expected sequential dip in revenue for the fourth quarter, and targeting another net loss on top-line growth of 12% to 14% in 2013 was shy of what the market was expecting.
Western Union bounced like a bad check after the money-transfer giant offered up unimpressive guidance. Western Union is lowering prices in key markets in a move to combat competitive pressures, and that obviously won't help results in the near term.
Vringo stumbled after a judge moved to narrow the window of prior damages that the company can go after in its patent infringement suit against several dot-com bellwethers.
Several analysts moved to downgrade Glu Mobile on Friday after the app maker posted troublesome guidance. It sees a widening deficit for the period, expecting revenue to come in as much as 27% below Wall Street's top-line target.
VIVUS shed some weight after health-care research firm IMS Health reported that physicians have been writing far fewer prescriptions for VIVUS' anti-obesity drug, Qsymia, than Wall Street was expecting this quarter.
Ready for a bounce
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