5 of Last Week's Biggest Losers

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

Nov. 16

Weekly Loss

My Watchlist

Trina Solar (NYSE: TSL  )

$2.32

(36%)

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Star Scientific (Nasdaq: STSI  )

$1.76

(31%)

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DryShips (Nasdaq: DRYS  )

$1.70

(23%)

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McEwen Mining (NYSE: MUX  )

$3.46

(22%)

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Molycorp (NYSE: MCP  )

$6.13

(18%)

Add

Source: Barron's.

Trina Solar went down like the sun after the Chinese solar-panel maker hosed down its guidance, blaming lower shipments on the ominous one-two punch of oversupply and lower prices.

Star Scientific got lit up after the smokeless-tobacco company revealed that it may run out of money by early next year after a drawn-out legal battle only awarded the company $5 million. The stock made up some of the ground it lost on Friday after its CEO and some shareholders invested $20 million in the company, but it wasn't enough to overcome the slide earlier in the week.

DryShips sank after posting a much wider deficit than Wall Street was expecting. The shipper's revenue may have risen a better-than-expected 8% during the quarter, but the news on the bottom line -- a loss of $0.13 a share -- was more red ink than the $0.02 per-share deficit the pros were targeting.

Despite starting off the week by announcing a settlement with TNR Gold that resolves all outstanding litigation involving a copper project in Argentina, McEwen Mining's stock still took a hit alongside many other metal miners.

Molycorp tumbled 21% two weeks ago after revealing a formal SEC investigation into the company's public disclosures. The news for the rare-earth minerals specialist didn't get any better last week, as Morgan Stanley downgraded the already battered stock on probe concerns.

Ready for a bounce
It was a rough week for these five stocks, but there are opportunities out there.

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