by Robert Martin | November 19, 2013 4:04 pm
The market moved lower on Tuesday, with several big-name stocks facing big-time declines. Organovo Holdings (ONVO) led the way down, while big-box retailer Best Buy (BBY) tumbled after reporting earnings.
Take a look a closer look at today’s biggest stock losers.
Organovo Holdings (ONVO, -27%): ONVO stock stumbled nearly 30% in Tuesday trading alone. The big-time cool-off, which made ONVO the ugliest name out of the biggest stock losers, came after Organovo stock had already posted a huge run. Year-to-date, ONVO stock is up 260% … even after the sell-off.
Lightinthebox Holding Co. (LITB, -22%): LITB stock has been moving the other direction so far in 2013, though. And Tuesday, Lightinthebox stock lost another 22%, making it one of the biggest stock losers, after reporting third-quarter earnings. The subsequent drop brought YTD losses for LITB to over 33%.
Chinacache International (CCIH, -19%): Another of the day’s biggest stock losers is CCIH. CCIH stock lost over 18% on Tuesday alone, putting a dent in a solid year-to-date run.
Biostar Pharmaceuticals (BSPM, -14%): Pharma stocks are pretty much a staple on this list of biggest stock losers, and BSPM stock took the prize on Tuesday. Biostar Pharmaceuticals stock lost over 14%, taking a bite out of BSPM stock’s year-to-date doubler.
Voxeljet (VJET, -13%): The next of the biggest stock losers in one of the 3D printing stocks — and one of the hottest ones at that. VJET stock recently soared reporting solid Q3 earnings, but it lost some of those gains on Tuesday. That seems inevitable considering shares of VJET stock had increase five-fold since hitting the market in mid-October.
Best Buy (BBY, -11%): BBY stock got pounded, even though Best Buy earnings were in-line with estimates. So why did BBY stock fall 11% and make the cut for biggest stock losers? Because it warned that margins could suffer in Q4.
Stratasys (SSYS, -9%): And to continue with the theme of 3D printing stocks, SSYS suffered a 9% drop as well, causing many to wonder if 3D printing stocks have reached a top.
Yingli Green Energy (YGE, -9%): Solar stocks have been hot, but cooled off on Tuesday. In fact, YGE stock make the cut for biggest stock losers after dropping 9%.
SolarCity (SCTY, -8%): Another of the solar stocks made the cut for biggest stock losers. SCTY stock dropped around 8%, cooling YTD gains off to just 290%. Poor SCTY.
Check in daily for each morning’s biggest stock losers.
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