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.


Aug. 16

Weekly Loss

Vical (NASDAQ: VICL  )



MannKind (NASDAQ: MNKD  )



Orbitz Worldwide (UNKNOWN: OWW.DL  )



Portugal Telecomm (NASDAQOTH: PTGCY  )



Kandi (NASDAQ: KNDI  )



Source: Barron's.

Let's start with Vical. The biotech shed more than half of its value after abandoning its once promising Allovectin program. Data from the potential cancer tumor-shrinking treatment's late-stage trial failed to meet the study's efficacy goals.

Vical will turn its attention to infectious disease vaccine programs, but the rigorous and lengthy approval process in getting a new treatment to market isn't going to fly with investors who were hoping for Vical to have a product on the market sooner rather than later.

MannKind is another company that took a hit on late-stage trial news, but this announcement was initially taken as a positive. Shares of MannKind popped higher announcing positive efficacy results for its inhalable insulin treatment for both primary types of diabetes.

It could have been a case of "sell on the news" kicking in. Impatient investors also may have gotten cold feet, since regulatory approval won't be completed until next year at the earliest.

There were also a couple of small negatives. The type 2 diabetes study found the majority of its Afrezza-inhaling test subjects experiencing low blood sugar. The type 1 diabetes results achieved target levels that weren't as effective as injection-based insulin that's already on the market.

In the end, these may be just minor setbacks given the clear appeal of needle-free insulin. It wouldn't be a surprise to see MannKind bounce back after the largely positive report.

Orbitz shares went on a steep descent after a large investor moved to sell a sizable chunk of its stake in the online travel portal. PAR Capital Management unloaded 8.1 million of its 24.6 million shares, and that's a tenth of the total Orbitz outstanding shares.

PAR Capital Management made the move to diversify. It's still holding on to most of its position. However, the market doesn't appreciate the dramatic expansion of more shares floating around.

Portugal Telecomm disconnected with the market after dramatically slashing its once beefy 11% yield. The telco is struggling on its home turf, but things are faring even worse in Brazil, where eroding currencies and cost-control concerns are weighing on the bottom line.

Kandi powered down after posting ho-hum quarterly results. The Chinese maker of ATVs, go-karts, and, more recently, electric vehicles posted a small adjusted profit as revenue climbed 10% to $12.2 million. That's not a lot, and it's easy to get concerned on learning that just $2 million of those sales were for electric vehicles.

That's fine. Investor interest in Kandi has increased since receiving government approval for its first Geely co-developed pure electric sedan, and the market will have to wait and see that play out.

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

There's good reason to believe that the most successful investors over the next few decades will be those with exposure to China's massive and growing population of domestic consumers. And there are few things that these consumers are likely to purchase with more enthusiasm than cars and trucks. In this brand-new free report, our analysts get out in front of this trend by identifying two automakers that are poised to surge along with China's middle class. If you want to be among the smart investors who get rich from this growing trend, then you'd be well advised to instantly download our free report on the topic by clicking here now.

Read/Post Comments (0) | 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.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

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: 2599467, ~/Articles/ArticleHandler.aspx, 9/26/2016 11:51:26 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...

Today's Market

updated Moments ago Sponsored by:
DOW 18,114.69 -146.76 -0.80%
S&P 500 2,150.65 -14.04 -0.65%
NASD 5,263.34 -42.41 -0.80%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 11:29 AM
KNDI $5.60 Down -0.04 -0.70%
Kandi Technologies CAPS Rating: ***
MNKD $0.59 Down -0.03 -4.38%
MannKind CAPS Rating: *
OWW.DL $0.00 Down +0.00 +0.00%
Orbitz Worldwide CAPS Rating: *
PTGCY $0.25 Down +0.00 -0.82%
Portugal Telecom CAPS Rating: ****
VICL $3.22 Down -0.03 -0.92%
Vical CAPS Rating: ***