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

Jan. 11

Weekly Loss

My Watchlist

Sequenom (NASDAQ: SQNM  )

$4.23

19%

Add

Molycorp (NYSE: MCP  )

$8.48

18%

Add

Apollo Group (NASDAQ: APOL  )

$19.21

13%

Add

Universal Display (NASDAQ: OLED  )

$25.20

11%

Add

Fusion-io (NYSE: FIO  )

$19.93

10%

Add

Source: Barron's.

Sequenom slipped after posting preliminary financial results this past weekend. A presentation at a J.P. Morgan health-care investing conference on Wednesday and a rival's acquisition didn't help, as shares of the provider of diagnostic testing and genetic analysis solutions slipped in each of the first four days of the trading week.

Molycorp stumbled after revealing production delays at its Mountain Pass mine. As a result of the delay, the rare-earth elements provider had to slash its 2013 outlook. Investors went ahead and slashed their positions.

Apollo Group was the poster child of online education when for-profit post-secondary educators were all the rave, but the University of Phoenix parent posted problematic quarterly results. New student enrollments fell by 15%, leading the company to follow Molycorp in hosing down its outlook for the year ahead.

Universal Display was garnering analyst praise late last month. The pioneer in organic light-emitting diode displays had Cowen & Co. and JPM Securities issuing bullish notes in late December on Universal's prospects of being a star during this past week's Consumer Electronics Show. It wasn't. The stock slipped accordingly.

Finally, we have Fusion-io losing ground after an analyst cooled on the company. William Blair analyst Jason Ader lowered his rating from "outperform" to "market perform" on fears that enterprise bookings growth is slowing as companies scale back their IT spending habits.

Ready for a bounce
If you owned some of these losers, how about following the smart money into a winner? The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 18, 2013, at 12:16 PM, sidneyleejohnson wrote:

    Unfortunately, OLED was the star of CES 2013 but nobody was there to connect the dots to UDC like they were in 2012. The average CES attendee has absolutely no clue that there is "UDC Inside". Go to Google Trends and try "OLED" or "OLED TV" and watch the huge leap in searches...yet no read across to PANL. Robert Citrone, panl's largest hedge fund shareholder, got the message though loud and clear and bought more shares.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2192989, ~/Articles/ArticleHandler.aspx, 11/29/2014 3:46:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement