Friday’s Biggest Stock Losers: INSY OPK, and More

by Karl Utermohlen | December 13, 2013 1:52 pm

Friday’s Biggest Stock Losers: INSY OPK, and More

Insys Therapeutics (INSY[1]) and Opko Health (OPK[2]) were among the biggest stock losers in early trading today. But misery loves company, and INSY stock and OPK stock weren’t the only ones.

winnerslosers185 Fridays Biggest Stock Losers: INSY OPK, and MoreInstead, several other big companies suffered a dip in value Friday morning … even as the broader market posted meager gains.

Take a closer look at a few of Friday’s biggest stock losers.

Biggest Stock Losers

Insys Therapeutics (INSY[1], -16%): INSYS stock is down -16.2% following a subpoena from the Office of Inspector General of the Department of Health and Human Services.

Opko Health (OPK[2], -11%): OPK stock skyrocketed during the first 9 months of 2013 but Lakewood Capital’s bearish report[3] on the company has seen its value plummet over the last three days.

Real Goods Solar (RSOL[4], -8%): RSOL stock is down 8.1% in early Thursday trading and the solar energy company’s stock has been plummeting over the last month, suffering a 32.47% drop.

Anadarko Petroleum (APC[5], -8%): APC stock took a nosedive after a bankruptcy judge ruled that the oil exploration company could be liable for $5 billion in a lawsuit[6] over liabilities related to a deal to acquire Kerr-McGee  in 2006.

Idera Pharmaceuticals (IDRA[7], -7%): IDRA stock fell 6.73% in early Thursday trading after enjoying a remarkable year that saw its value rise 322%.

Endnotes:
  1. INSY: http://studio-5.financialcontent.com/investplace/quote?Symbol=INSY
  2. OPK: http://studio-5.financialcontent.com/investplace/quote?Symbol=OPK
  3. Lakewood Capital’s bearish report: http://www.fool.com/investing/general/2013/12/10/was-2013-the-beginning-or-the-end-for-opko-health.aspx
  4. RSOL: http://studio-5.financialcontent.com/investplace/quote?Symbol=RSOL
  5. APC: http://studio-5.financialcontent.com/investplace/quote?Symbol=APC
  6. could be liable for $5 billion in a lawsuit: http://online.wsj.com/news/articles/SB10001424052702303932504579254882607886444
  7. IDRA: http://studio-5.financialcontent.com/investplace/quote?Symbol=IDRA

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