by Robert Martin | December 6, 2013 10:43 am
It was a bad week for JCPenney (JCP), as the flailing retailer lost the little momentum it had in 2013. JCP stock had found a bottom in late October and was beginning to climb skyward. But JCPenney stock is already down almost 6% today, making it one of the biggest stock losers, in addition to an 8% slide yesterday. In fact, in the last five days along, JCP stock has shed over 17%.
Of course, JCP isn’t the only name that makes the cut of biggest stock losers. Ulta Salon (ULTA) and American Eagle Outfitters (AEO) also slid.
Take a look at our full list of Friday’s biggest stock losers, and find out what sent JCP stock, ULTA stock and other falling.
Ulta Salon (ULTA, -20%): Shares of ULTA stock fell 20% in early trading as the company gave a weak earnings outlook and warned about holiday price wars. Toss in a downgrade of Ulta stock from analysts, and it’s no wonder the cosmetics company was one of the biggest stock losers today. Before the drop, though, ULTA was beating the market with a 33% year-to-date climb.
Big Lots (BIG, -13%): BIG stock was also going strong before today, with a 33% year-to-date climb. But this morning, Big Lots stock is one of the biggest stock losers, down over 13%? Why? Big Lots announced posted a wider year-over-year loss and announced plans to shut down its Canadian stores.
American Eagle Outfitters (AEO, -9%): AEO joined our list of biggest stock losers and the retail bloodbath led by Express (EXPR) and Francesca’s (FRAN) this week. Shares of AEO stock are down almost 9% thanks to a muted holiday outlook. Plus, American Eagle stock is off almost 27% year-to-date now, about the same amount as teen retail rivals Abercrombie & Fitch (ANF) and Aeropostale (ARO).
Ariad Pharmaceuticals (ARIA, -9%): Ariad Pharmaceuticals has had a rough year — and it got even rougher today. ARIA stock was one of the biggest stock losers in early October when it dropped over 65% in one day. Today, ARIA is down yet another 9% on news of a class action lawsuit.
Renesola (SOL, -8%): Solar stocks have been sizzling so far in 2013, and Renesola is no exception. Unfortunately, hot SOL stock has been cooled off so far this week, as a plant shutdown weighed heavily on Q3 earnings. SOL stock has fallen over 26% in the last two days, including a nearly 8% drop this morning. The good news: Renesola stock is still up nearly 115% year-to-date.
Yingli Green Energy (YGE, -6%): SOL wasn’t the only name in the solar stocks space that got hosed this morning. Another of the biggest stock losers is Yingli Green Energy, with YGE stock sitting on losses of 6% today. First Solar (FSLR) and Canadian Solar (CSIQ) were other top solar stocks that were big losers this morning, even though the damage wasn’t enough to be named one of the biggest stock losers.
JCPenney (JCP, -6%): Last but not least, JCP stock is off around 6% today … on top of an 8% drop yesterday. The big news: JCPenney has announced late Thursday that the Securities and Exchange Commission has requested information on its liquidity, cash position and debt and equity financing. And the day before, Kyle Bass announced that he sold his stake in JCP stock. Check out this full timeline of this year’s JCPenney stock trainwreck.
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-jcp-ulta-sol/
Short URL: http://invstplc.com/1fuEHhB
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.