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. 9 |
Weekly Loss |
My Watchlist |
---|---|---|---|
Jinko Solar |
$10.59 |
(25%) |
|
Trina Solar |
$10.41 |
(22%) |
|
Advanced Analogic Tech |
$4.64 |
(22%) |
|
Charm Communications |
$9.12 |
(18%) |
|
NovaGold Resources |
$9.16 |
(16%) |
Source: Barron's.
Solar energy had another rough week.
Jinko Solar and Trina Solar were already two of the biggest losers the prior week, as falling prices for solar-grade polysilicon and finished photovoltaic panels spooked investors. Things didn't get any better last week, as the recent bankruptcy filing by Solyndra and the raiding of the solar panel maker's files by the FBI may slow government subsidies for clean energy.
Advanced Analogic Technologies came undone after Skyworks Solutions
Shares of Charm Communications tumbled 18% last week. The Beijing-based advertising agency didn't move lower on any widely published news, but Chinese stocks have been volatile lately. At least Charm will get a chance to sell investors on its story. It's slated to present at Susquehanna Financial Group's Fifth Annual Beijing Management Summit on Friday morning.
Finally, there is NovaGold, falling after revealing the escalating costs to develop the Donlin Creek deposit that it jointly owns with Barrick Gold
It was a rough week for these five stocks. Let's see if they bounce back.