Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



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.


Dec. 6

Weekly Loss

ReneSola (NYSE: SOL  )



J.C. Penney (NYSE: JCP  )



Titan Machinery (NASDAQ: TITN  )



Nuverra Environmental (NASDAQOTH: NESC  )



Medallion Financial (NASDAQ: MFIN  )



Source: Barron's.

Let's start with ReneSola. The solar-power bellwether lost a third of its value after posting disappointing quarterly results. That was the result of a one-time charge, but ReneSola still let investors down by posting uninspiring gross margins and offering up a gloomy outlook for the year ahead.

J.C. Penney proved mortal despite announcing its second consecutive month of positive same-store sales. The department-store chain was working on a 21-month streak of negative comps before that. However, J.C. Penney is still far away from where it was last holiday season, and things got worse later in the week, when the SEC began to inquire about its liquidity and financing.

Titan Machinery powered down after the retailer of agricultural and construction equipment delivered a horrendous quarterly report. Revenue was flat, but earnings fell nearly 60%. Titan clocked in short on both ends of the income statement. Its guidance was even worse, as Titan's new profit targets for fiscal 2014 are roughly half of what they were earlier this year.

Nuverra Environmental Solutions fell after executing a 1-for-10 reverse stock split. Exchanging 10 shares for a single share at 10 times the price is in theory a zero-sum game. However, the move often shakes out the speculators who were buying in as penny-stock gamblers. There have been a few reverse split success stories, but those are the exceptions instead of the rule.

Finally, we have Medallion Financial hailing a cab downtown. The company that offers financing for costly taxi license medallions stumbled after a dilutive secondary offering. Medallion Financial priced its 2.9 million freshly minted shares at $16.40, a steep discount to where the stock was the day before.

Bounce back by getting in ahead of the good news that the market doesn't see yet
If you owned some of these losers, how about following the smart money into winners? Our top technology analyst recently infiltrated one of Wall Street's most exclusive gatherings and left with three incredible investment opportunities, straight from the CEOs. These are profit-building strategies Main Street isn't meant to hear about -- so you must act now before someone shuts us up. Click if you want "industry insider" earnings -- now!

Read/Post Comments (0) | 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.

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: 2756618, ~/Articles/ArticleHandler.aspx, 9/25/2016 7:03:18 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 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 4:00 PM
JCP $9.78 Up +0.02 +0.20%
J.C. Penney CAPS Rating: *
MFIN $4.09 Up +0.02 +0.49%
Medallion Financia… CAPS Rating: *
NESC $0.21 Down +0.00 +0.00%
Nuverra Environmen… CAPS Rating: ***
SOL $1.00 Down -0.01 -0.99%
ReneSola CAPS Rating: *
TITN $10.65 Down -0.30 -2.74%
Titan Machinery CAPS Rating: **