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.
|Jan. 13||Weekly Loss||My Watchlist|
Camelot Info Systems
Metabolix was the market's biggest loser, shedding a little more than half of its value after Archer Daniels Midland backed out of a joint venture for biodegradable plastics.
WebMD called in sick with several different maladies. The medical-website operator announced that its CEO is leaving the company, it was no longer considering a sale of the company, and its outlook for 2012 is looking rather weak.
Shares of hhgregg laid an egg, after the consumer-electronics retailer hosed down its near-term prospects. The chain specializing in big-ticket appliances and gadgetry now is looking to earn no more than $1.15 a share this fiscal year. Its earlier outlook was calling for profitability per share to come in between $1.26 and $1.41.
Complete Genomics was one of the market's biggest winners the prior week, but shares of the genetics specialist went the wrong way this time around after Oppenheimer & Co. downgraded the stock.
Finally we have Camelotgetting lanced a lot, as class action attorneys continue to file lawsuits against the Chinese IT services provider, alleging that Camelot made misleading financial statements before the stock began crashing last year.
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