5 of Last Week's Biggest Losers

These five stocks suffered double-digit percentage declines last week.

May 4, 2014 at 9:00AM

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

May 2

Weekly Loss

Endocyte (NASDAQ:ECYT)

$6.62

63%

Gogo (NASDAQ:GOGO)

$13.42

26%

Capstone Turbine (NASDAQ:CPST)

$1.70

23%

Ballard Power Systems (NASDAQ:BLDP)

$3.57

14%

Coach (NYSE:COH)

$43.88

12%

Source: Barron's.

Let's start with Endocyte. The biotech shed nearly two thirds of its value after a once potentially promising treatment for platinum-resistant ovarian cancer was shot down. The data safety monitoring board halted a late-stage trial for Endocyte's Vintafolide, illustrating the problem of buying into biotechnology companies riding on the approval of a single drug. 

Gogo ran into some turbulence after being blindsided by an announcement of future competition. Gogo has become synonymous with providing leading airlines with in-flight Internet connections for passengers. The excitement turned into concern when Ma Bell and a leading avionics company announced that they would team up to offer a rival platform by the end of next year. 

Capstone shares slipped after selling 18.825 million shares of common stock to a single institutional investors. The maker of co-generation turbines that run on many different fuel types sold its freshly minted shares at $1.70, a discount to its price of $2.06 at the time. The market doesn't like dilution, even if Capstone stands to collect $30.2 million in proceeds. 

Ballard Power ran out of fuel after posting disappointing financial results. Revenue climbed 13% to $14 million for the fuel cell specialist, just shy of the $15.3 million that Wall Street was expecting. Despite coming up short, Ballard Power did manage to stick to its guidance calling for 30% in top-line growth and breaking even when it comes to adjusted EBITDA. In other words, revenue growth should accelerate from here. Ballard Power wound up giving up all of the prior week's gains that resulted from acquiring hundreds of patents and applications covering transportation and stationary fuel-cell technology. 

Finally we have Coach failing to make a winning play. The luxury handbag maker continues to lose market share in the premium categories it once dominated. Revenue slipped 7% in its latest quarter with a crushing 18% drop in North American sales. Earnings did come in ahead of Wall Street profit targets, but that's not much of a consolation when shoppers think Coach is no longer cool. Citigroup downgraded the stock on the uninspiring financials.

Ready for a bounce
If you owned some of last week's sinkers, how about following the smart money into winners? Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour. (That's almost as much as the average American makes in a year!) And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report details this company that already has over 50% market share. Just click here to discover more about this industry-leading stock, and join Buffett in his quest for a veritable landslide of profits!

Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Coach and owns shares of Citigroup and Coach. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers