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 | Dec. 2 | Weekly Loss | My Watchlist |
|---|---|---|---|
| Gildan Activewear (NYSE: GIL) | $16.99 | (24%) | Add |
| Francesca's Holdings (Nasdaq: FRAN) | $16.00 | (16%) | Add |
| StonMor Partners (Nasdaq: STON) | $24.34 | (14%) | Add |
| Zipcar (Nasdaq: ZIP) | $15.16 | (10%) | Add |
| Shutterfly (Nasdaq: SFLY) | $29.09 | (7%) | Add |
Source: Barron's.
Gildan Activewear investors were in for a downhill workout after the apparel maker posted weaker-than-expected sales growth in its latest quarter. The real dagger here is that it's now targeting a deficit for the current quarter. Analysts figured that Gildan would be profitable during the holiday quarter.
Francesa's Holdings slipped off the rack, hitting a new low ahead of tomorrow's quarterly report. The boutique operator went public at $17 a share this summer, but it has now fallen below its IPO price.
StonMor moved the headstones, but its shares were dead in the water this week. The cemetery-services provider was deep-sixed after Standard & Poor's put StoneMor's credit rating on a negative watch.
Car-sharing leader Zipcar may have rolled out a new cargo van rental service, but investors last week were mostly concerned about Hertz (NYSE: HTZ) crashing its party. An MSNBC article detailed how Hertz has recently eliminated annual fees for its Zipcar-like offering and is differentiating itself through one-way rentals.
Then we have Shutterfly blinking as the flash went on. A Cowen & Co. analyst issued a bearish note on the online photofinishing specialist, fearing that aggressive pricing by Snapfish will eat into Shutterfly's business.
It was a rough week for these five stocks. Let's see if they bounce back.
