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

Sept. 6

Weekly Loss

Conn's  (NASDAQ: CONN  )

$53.19

20%

ArQule  (NASDAQ: ARQL  )

$2.24

20%

VIVIUS  (NASDAQ: VVUS  )

$10.96

13%

Mattress Firm  (NASDAQ: MFRM  )

$35.59

13%

Unilife  (NASDAQ: UNIS  )

$3.07

11%

Source: Barron's.

Let's start with Conn's. The retailer of consumer electronics, appliances, and furniture slumped after missing estimates. Analysts were banking on a profit of $0.60 a share, but Conn's earned just $0.52. Sales were strong, but this was the second time in three quarters that the chain disappointed on the bottom line.  

ArQule took a bit hit after an unfavorable development in its goal to get tivantinib on the market as a treatment for hepatocellular carcinoma, a common from of liver cancer. High infection rates in late-stage trial patients finds ArQule accepting an independent safety committee's recommendation to cut the dose in half. Will the move trade off infections for efficacy? The market isn't sure, and that's the kind of uncertainty that can trigger a 20% weekly drop.

VIVUS took a hit after its CEO resigned. The departure is health-related, but Anthony Zook just took this gig in late July, and VIVUS is now on its third CEO in two months. The market's getting concerned about the turnover at the top. 

Mattress Firm let the bed bugs bite after posting disappointing quarterly results. Comps were actually negative, surprising investors who were banking on positive mattress sales trends, given the housing market's recovery. Mattress Firm's adjusted profit of $0.43 a share was also woefully short of the $0.51 Wall Street was targeting. 

The near-term prospects aren't very promising, as the leading bedding products retailer is lowering its sales, earnings, and same-store sales targets for the entire fiscal year.

Finally, Unilife stumbled after the developer of injectable drug delivery systems was taken to task in a Forbes article.

"How is a $329 million syringe company still unprofitable after 11 years?" the headline questions, going on to wonder why Unilife is profitless and generating such little revenue despite its seemingly compelling retractable-syringe technology.

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

The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to dominate the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!


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.

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: 2627026, ~/Articles/ArticleHandler.aspx, 11/21/2014 10:28:07 PM

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 12 minutes ago Sponsored by:
DOW 17,810.06 91.06 0.51%
S&P 500 2,063.50 10.75 0.52%
NASD 4,712.97 11.10 0.24%

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

11/21/2014 4:00 PM
ARQL $1.26 Down -0.02 -1.56%
ArQule, Inc. CAPS Rating: ****
CONN $34.01 Down -0.21 -0.61%
Conn's, Inc. CAPS Rating: **
MFRM $68.45 Down -0.76 -1.10%
MATTRESS FIRM HOLD… CAPS Rating: *
UNIS $2.99 Up +0.07 +2.40%
Unilife Corp. CAPS Rating: *
VVUS $3.39 Up +0.22 +6.94%
VIVUS, Inc. CAPS Rating: **

Advertisement