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. 30

Weekly Loss

Corinthian Collleges  (UNKNOWN: COCOQ.DL  )



Dangdang  (NYSE: DANG  )



JA Solar  (NASDAQ: JASO  )



Rigel Pharmaceuticals  (NASDAQ: RIGL  )



Krispy Kreme  (NYSE: KKD  )



Source: Barron's.

Let's start with Corinthian Colleges. After the post-secondary educator delivered uninspiring quarterly results, the market took the leather to it on its surprisingly weak outlook for the current quarter. It expects to report a small loss for the period, with student enrollments projected to fall 6% to 8% during the period. Analysts were holding out for growth and a modest profit. 

Most of Dangdang's 17% drop on the week came on Friday after JPMorgan Chase downgraded the Chinese e-tailer. The analysts think China's e-commerce climate will continue to be unfavorable for the next year or two.

JA Solar fell despite posting a narrowing quarterly deficit and topping its own guidance for the volume of solar power products that it will ship during the period. However, JA Solar's loss of $0.58 a share was still larger than the $0.54 shortfall the pros were projecting.

JA Solar's forecast also calls for essentially flat sequential growth in shipments. Some solar-energy bellwethers had issued more encouraging outlooks earlier this earnings season. 

Rigel tumbled on disappointing news for its experimental asthma drug. R343 didn't live up to its primary endpoint in a mid-stage clinical trial. It's feast or famine with young biotechs, but Rigel's been hungry for some time. It fell short on a once-promising rheumatoid arthritis treatment earlier this year.

Finally, we have Krispy Kreme hitting hard times after coming up short in its latest quarter. The doughnut darling has been resilient in recent years. Comps have risen for 19 consecutive quarters, and the stock has more than tripled since bottoming out last summer. However, heightened expectations accompany strong gains, and Krispy Kreme failed to live up to the market's glazed desires.

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

Profiting from our increasingly global economy can be as easy as investing in your own backyard. The Motley Fool's free report "3 American Companies Set to Dominate the World" shows you how. Click here to get your free copy before it's gone.

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: 2618457, ~/Articles/ArticleHandler.aspx, 9/28/2016 12:00:54 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 2 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

12/31/1969 7:00 PM
COCOQ.DL $0.00 Down +0.00 +0.00%
Corinthian College… CAPS Rating: *
DANG $0.00 Down +0.00 +0.00%
E-Commerce China D… CAPS Rating: **
JASO $6.06 Up +0.13 +2.19%
JA Solar Holdings CAPS Rating: **
KKD $0.00 Down +0.00 +0.00%
Krispy Kreme Dough… CAPS Rating: **
RIGL $3.43 Up +0.02 +0.59%
Rigel Pharmaceutic… CAPS Rating: ***