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

July 12

Weekly Loss

FLY Leasing (NYSE: FLY  )

$14.00

19%

ClickSoftware (NASDAQ: CKSW  )

$7.19

15%

Amarin (NASDAQ: AMRN  )

$5.26

12%

SodaStream (NASDAQ: SODA  )

$59.51

12%

Kandi Technologies (NASDAQ: KNDI  )

$4.53

12%

Source: Barron's.

Let's start with FLY Leasing. The provider of leased commercial jet aircraft began a bumpy descent after announcing a secondary stock offering and hosing down its guidance. The company now sees revenue clocking in between $87 million and $91 million during the second quarter, short of Wall Street expectations of $93.5 million.

Investors flocking to FLY Leasing for presumably steady financial performance are running into a little turbulence, and it certainly didn't help when FLY made things worse by moving to raise $160 million in the form of a secondary stock offering.

ClickSoftware didn't "click" with investors after warning that it came up short in its latest quarter. The enterprise software solutions provider is now expecting revenue to grow just 9% to $24.5 million, well short of the $27.8 million analysts were targeting. It gets worse on the bottom line, where ClickSoftware now sees a loss of at least $0.06 a share. Wall Street was banking on a small profit.

Amarin shed some weight after completing a public stock offering. Issuing 21.7 million American depositary shares does give the company $121 million in ammo to help push its high triglyceride-tackling Vascepa treatment to market, but investors right now are merely eyeing the dilution that comes with watching shares outstanding increase by 14% in the process.

SodaStream went from fizzy to flat after a New York Post report claimed that interest in acquiring the fast-growing soda appliance maker was waning. Sources tell the paper that SodaStream's been quietly trying to find a suitor for at least three months.

Kandi Technologies ran out of gas after a pair of articles on Seeking Alpha gave unflattering perspectives of the Chinese company, which rallied last month on news of landing a notable partner to help market its electric sedan in the world's most populous nation. One article tackled Kandi's fundamentals, and the other raised questions about the Twitter and message board posts hyping the investment that spiked last month.

Ready for a bounce
If you owned some of these losers, how about following the smart money into winners?

The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.


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

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 July 15, 2013, at 7:05 AM, CSIHawaii wrote:

    Another loser article by the Motley Morons who only need 0.1% of the facts in order to pen and article. The only reason they get published on Yahoo is that Yahoo is desperate for anything with a title.

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: 2536496, ~/Articles/ArticleHandler.aspx, 10/20/2014 9:08:44 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