The market moved lower on Tuesday, and a handful of stocks faced big-time declines. Krispy Kreme Doughnuts (KKD) had the worst morning, while smaller names like Camtek (CAMT) and Rackspace Hosting (RAX) were also some of the biggest stock losers.
Take a look a closer look at Tuesday’s biggest stock losers, and what send KKD stock, RAX stock and more tumbling.
Biggest Stock Losers
Krispy Kreme Doughnuts (KKD, -19%): KKD stock has been far from one of the biggest stock losers so far in 2013. In fact, while KKD stock fell almost 20% after posting disappointing Q3 revenue, shares have still more than doubled since Jan. 1. That blows away KKD stock rivals like Starbucks (SBUX) and Dunkin Donuts (DNKN).
Echo Therapeutics (ECTE, -18%): ECTE stock has learned the hard way that what goes up must go down. Shares of ECTE stock reversed their ugly year-to-date slide last week with a 65% one-day jump. Already, though, said gains are dwindling. Echo Therapeutics is down around 18% today, making ECTE stock one of the biggest stock losers for Tuesday.
Camtek (CAMT, -11%): A similar story can be told for CAMT stock, which soared over 80% in one day last week … but is now cooling off around 13% this morning. That drop is enough to make Camtek one of the biggest stock losers. The main difference for ECTE stock and CAMT stock, though, is that the latter is up around 260% since Jan. 1 even after today’s losses.
PDL Biopharma (PDLI, -10%): PDLI stock is beating the market year-to-date by a nose, but it’s one of the biggest stock losers this morning. PDLI stock is sitting in the red almost 10%, likely thanks to a Seeking Alpha post that dubbed it overvalued.
Myriad Genetics (MYGN, -8%): Myrian Genetics is a molecular diagnostic company and one of today’s biggest stock losers. MYGN has lost over 8% today after being sued on gene patents.
Rackspace Hosting (RAX, -6%): Moving away from the pharma space for biggest stock losers, we have Rackspace Hosting. RAX stock has had a rough year so far. It attempted to post a comeback after hitting a June bottom, but that small climb didn’t stick. Now, RAX stock is down 6% today, making it one of the biggest stock losers for the year with a 52% slide.
Forest Oil Corp. (FST, -5%): FST stock is suffering a 5% decline this morning after announcing its 2014 budget and guidance. FST stock has been another of the biggest stock losers for the full-year, with losses of almost 40% since Jan. 1.
Sears Holdings (SHLD, -5%): Sears stock has been one of the surprise winners for 2013, as the struggling retailer has beaten the broader market since Jan. 1. Today, though, SHLD stock has lost over 4%, bringing its recent 5-day decline to around 12%. That makes it ones of the biggest stock losers in the last week.
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.