5 of Last Week's Biggest Losers

What's better than momentum? Mo' momentum. Let's take a closer look at five of this past week's biggest scorchers.

Company

May 3

Weekly Gain

Inteliquent (NASDAQ: IQNT  )

$4.77

51%

Advanced Micro Devices (NYSE: AMD  )

$3.60

36%

SolarCity (NASDAQ: SCTY  )

$27.00

16%

Sonus Networks (NASDAQ: SONS  )

$2.40

16%

3D Systems (NYSE: DDD  )

$39.88

15%

Source: Barron's.

Let's start with Inteliquent. The company saw its stock soar 51% after announcing that it will sell its global data business in a move that raises money, improves adjusted EBITDA, and lowers its capital expenditures. The move frees Inteliquent to focus exclusively on its more lucrative voice-services business.

AMD soared on favorable analyst comments about new products in its FX series of chips. There was also speculative chatter suggesting that AMD will have a presence in the new Xbox that will be unveiled later this month. Another rumor has AMD as a buyout candidate for its larger rival.

SolarCity's prospects brightened after the country's leading solar-panel installer announced the opening of its largest U.S. operations center in California to satisfy growing demand. SolarCity's appeal comes from buyers' ability to purchase solar panels in monthly installments, ideally in line with the money that they're saving on their electricity bills.

Sonus Networks moved higher after posting a smaller loss than analysts were expecting. Sonus added 138 new session border controller customers during the quarter, and its top-line guidance will have Wall Street revising their forecasts higher.

Finally, shares of 3D Systems rose after posting healthy growth in its latest quarter. 3D Systems also won some new believers later in the week, when it revealed that Staples, the country's largest office-supplies retailer, will begin stocking its entry-level 3-D printer.

With the U.S. relying on the rest of the world for such a large percentage of our goods, many investors are ready for the end of the "made in China" era. Well, it may be here. Read all about the biggest industry disrupters since the personal computer in "3 Stocks to Own for the New Industrial Revolution." Just click here to learn more.


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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 May 05, 2013, at 10:36 AM, rtichy wrote:

    Umm, Rick. Why is the headline "5 of Last Week's Biggest Losers"?

  • Report this Comment On May 05, 2013, at 12:02 PM, foolishfollies wrote:

    Please tell me you didn't miss-title that article on purpose just to get people to click on it and see that the HECK you are talking about?

  • Report this Comment On May 06, 2013, at 3:41 AM, rav55 wrote:

    The biggest looser is the yellow journalistic hack that writes this hyperbole. Yes Rick Munarriz I do mean you.

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