5 of Last Week's Biggest Losers
Aug 27th 2012 10:02AM
Updated Aug 27th 2012 10:24AM
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.
|Swisher Hygiene (NAS: SWSH)||$1.57||(24%)||Add|
|Big Lots (NYS: BIG)||$430.28||(21%)||Add|
|ImmunoCellular (NYS: IMUC)||$2.43||(20%)||Add|
|ZAGG (NAS: ZAGG)||$6.99||(17%)||Add|
|Best Buy (NYS: BBY)||$17.31||(15%)||Add|
Swisher was flushed by Wall Street after the company's CEO announced that he was leaving on Monday. Swisher also received a Nasdaq notice indicating that the company is not in compliance for its exchange listing.
Big Lots fell -- lots -- after posting a brutal quarterly report. Profit clocked in well short of expectations, and sales also failed to live up to projections as domestic stores suffered a nearly 2% slide in comps. The retailer of discounted clearance and overstocks is apparently not the all-weather investment that many investors thought it would be.
ImmunoCellular Therapeutics slipped after the fledgling biotech's CEO -- Manish Singh, who was also the company's president and a board director -- resigned.
ZAGG took a hit after the maker of protective screen covers and other gadget accessories revealed that its CEO would be stepping down. A margin call forced him to sell a chunk of his company's stock a week earlier.
Ready for a bounce
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The article 5 of Last Week's Biggest Losers originally appeared on Fool.com.The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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