Wednesday’s Biggest Stock Losers – AVNR, OPK and More

by Robert Martin | December 11, 2013 12:19 pm

The markets fell yet again in early Wednesday trading, but a few stocks fared worse than others. Among our list of the biggest stock losers were Avanir Pharmaceuticals (AVNR[1]) and Opko Health (OPK[2]).

biggest-stock-losers-avnr-opkSome bigger names also snuck onto the biggest stock losers scoreboard, including solar stocks Renesola (SOL[3]) and JinkoSolar (JKS[4]).

Check out the full list of biggest stock losers below and find out why AVNR and other fell.

Biggest Stock Losers

Avanir Pharmaceuticals (AVNR[1], -20%): Shares AVNR stock got pounded on Wednesday, topping our list of biggest stock losers by opening to 20% or so gains. The reason AVNR stock investors headed for the door? Avanir Pharmaceuticals reported a fourth-quarter loss both wider than last year’s and wider than expected.

Opko Health (OPK[2], -13%): OPK stock is the next unlucky name on our list of biggest stock losers. The bright side: Opko Health is just cooling off after a sizzling year. Even after the sell-off, OPK stock has doubled since Jan. 1.

Icahn Enterprises (IEP[5], -14%): IEP stock fell double-digits on Tuesday when Carl Icahn and his company announced they would be selling 2 million units after the bell to raise more cash. The result was a 14% decline in Icahn Enterprises stock on Wednesday. And the worse news? Barron’s says IEP stock[6] looks overvalued even after its recent sell-off.

Sequenom (SQNM[7], -9%): SQNM is another of our biggest stock losers. Sequenom is a molecular diagnostic testing and genetics analysis company, for those who were wondering. SQNM has been one of the biggest stock losers for the year, too, with a year-to-date slide of over 50%.

Renesola (SOL[3], -8%): Solar stock have been cooling off lately, and Renesola is the latest casualty. SOL stock fell 8%, continuing its recent slide. SOL stock has been one of the biggest stock losers of the past week, sliding a total of 37% in the last five trading days.

JinkoSolar (JKS[4], -7%): That brings us to JKS stock, which is down 7% this morning. JKS stock is still up over 300% so far this year, but is off 7% in this morning’s trading.

Geron Corp. (GERN[8], -5%): GERN stock slides onto our list of biggest stock losers yet again, falling around 5% this morning.

Check in daily for each morning’s biggest stock losers.

As of this writing, Robert Martin did not hold a position in any of the aforementioned securities.

 

Endnotes:

  1. AVNR: http://studio-5.financialcontent.com/investplace/quote?Symbol=AVNR
  2. OPK: http://studio-5.financialcontent.com/investplace/quote?Symbol=OPK
  3. SOL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SOL
  4. JKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=JKS
  5. IEP: http://studio-5.financialcontent.com/investplace/quote?Symbol=IEP
  6. Barron’s says IEP stock: http://online.barrons.com/article/SB50001424053111904009804579250443093312118.html?mod=BOL_hp_highlight_1
  7. SQNM: http://studio-5.financialcontent.com/investplace/quote?Symbol=SQNM
  8. GERN: http://studio-5.financialcontent.com/investplace/quote?Symbol=GERN

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