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) and Opko Health (OPK).
Some bigger names also snuck onto the biggest stock losers scoreboard, including solar stocks Renesola (SOL) and JinkoSolar (JKS).
Check out the full list of biggest stock losers below and find out why AVNR and other fell.
Avanir Pharmaceuticals (AVNR, -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, -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, -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 looks overvalued even after its recent sell-off.
Sequenom (SQNM, -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, -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, -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, -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.
Source URL: http://investorplace.com/2013/12/biggest-stock-losers-avnr-opk/
Short URL: http://invstplc.com/1nrUNwx
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.