by Burke Speaker | November 25, 2013 11:11 am
ADT Corp (ADT) and Facebook (FB) are not having a good day. Both are among the biggest stock losers as of early morning trading on Monday.
ADT stock and FB stock weren’t the only ones that suffered though. Names like Lions Gate Entertainment Corp (LGF) and Galena Biopharma (GALE) also got pounded early.
Here are the other stocks that started out having a very bad week, on volume of over 1 million/
Take a look at some of Monday’s biggest stock losers.
Uni-Pixel (UNXL, -14%): UNLX stock has had some tough times of late — and not a very good year at that. UNLX dropped 14% in early Monday trading and is down 12% year to date.
Galena Biopharma (GALE, -9.2%): GALE stock took a bit of a tumble on Monday, but it may not stay down for long. The biotech company focusing on cancer treatments has had some good news of late in the industry, which portend further advancements in the field. And shares of GALE stock have more than doubled since Jan. 1, even after today’s fall.
ADT Corp (ADT, -8.5%): ADT stock hit a one-month low in early trading, after it announced it would purchase 10.24 million shares of common ADT stock beneficially owned by Corvex Management LP, at a purchase price of $44.01 per share.
Lions Gate Entertainment Corp (LGF, -7.4%): LGF stock is getting a light beating despite a stellar weekend at the box office. Hunger Games: Catching Fire lit up theaters with a more than $308 million opening weekend. But Lions Gate’s lukewarm Enders Game is likely the reason for the fall, with the cost of the film a huge pricetag for the so-far weak returns. Looks like LGF stock needs some of that fire of its own.
Celldex Therapeutics Inc (CLDX, -6%): Though CLDX stock fell a bit in early trading, it’s still on a remarkable upward swing from the beginning of the year. CLDX stock is up some 270% year to date, though has slowed somewhat in its rise in the past month.
Seadrill Limited (SDRL, -4.9%): Shares of this high-yielding dividend stock dropped due to a not so great earnings report. Third-quarter results showed an operating profit of $471 million compared to $507 million in the preceding quarter for SDRL. SDRL stock is still in the black year-to-date though.
Facebook (FB, -4%): FB stock lost last week’s gains with a 4%+ loss in early trading. Though FB seemed poised for an upward swing after Thursday’s 2% gains, the drop in Facebook stock on huge volume doesn’t give it a great outlook in the near-term.
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