by Alyssa Oursler | December 10, 2013 11:30 am
The markets fell in early Tuesday trading, while big names like BlackBerry (BBRY) and American Eagle Outfitters (AEO) also continued their painful declines.
BBRY stock in particular fell on heavy volume. Investors were also bearish on consumer names Burlington Stores (BURL) and Lumber Liquidators (LL), which both made our list of the biggest stock losers.
Take a a look at our full list of biggest stock losers to see why BlackBerry stock and others fell on Tuesday.
Eagle Bulk Shipping (EGLE, -12%): EGLE stock has more than doubled so far in 2013, even after having a rough few months. Eagle Bulk Shipping stock is down over 12% this morning, bringing its three-month losses to nearly 40%.
Burlington Stores (BURL, -10%): Another of today’s biggest stock losers is BURL. Shares of BURL stock are off double-digits thanks to unfavorable Burlington earnings. BURL stock is flat year-to-date.
Lumber Liquidators (LL, -8%): Next on our list of biggest stock losers, LL stock is falling today even though Lumber Liquidators just upped its full-year outlook. Then again, expectation for LL stock are high considering its up around 70% since Jan.1 … even after the sell-off.
BlackBerry (BBRY, -4%): Fading smartphone pioneer BlackBerry continued its downward slide today, making our list of biggest stock losers. Shares of BBRY stock have lost over 4%, bringing the year-to-date damage to around 53%. The company announced even more layoffs today.
Starbucks (SBUX, -3%): Starbucks is a surprising name on our list of biggest stock losers, as SBUX stock is easily beating the market so far this year. This morning, though, SBUX is down 3%.
Geron Corp. (GERN, -2%): GERN stock fell around 3%, cooling what’s been a sizzling run. Geron is up over 280% since Jan. 1.
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-burl-bbry-egle/
Short URL: http://invstplc.com/1nxdz5E
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.