by Robert Martin | December 12, 2013 12:27 pm
Lululemon (LULU) led the way down on Thursday thanks to a sub-par fourth-quarter outlook. But Lululemon stock wasn’t the only one suffering this morning … as seen in our list of the biggest stock losers.
Sunedison (SUNE) and Iamgold Corp (IAG) were other big-time losers on big-time volume this morning, with around 11 million shares of both SUNE stock and IAG stock traded.
Here’s a look at other names that were the biggest stock losers today.
Northwest Biotherapeutics (NWBO, -14%): One of the biggest stock losers Thursday was NWBO stock, which fell around 14%. NWBO stock spiked big-time last month, but fell soon after and has continued to slide. In fact, shares of Northwest Biotherapeutics are down almost 40% year-to-date.
Lululemon Athletica (LULU, -11%): As we mentioned, LULU stock sank big-time one Thursday as well, putting it near to the top of our list of biggest stock losers. Lululemon stock was down over 11% by mid-day, with a weak Q4 outlook overshadowing any glimmer of hope the new Lululemon CEO added.
Iamgold Corp. (IAG, -10%): It’s not a secret than 2013 has been a tough year for gold, and thus for mining stocks like Iamgold Corp. With IAG stock down nearly 10% today, shares have now lost almost 70% of their value year-to-date. Plus, IAG stock is off around 80% from its mid-2011 peak.
Sunedison (SUNE, -9%): SUNE stock, on the other hand, has been having a great year … making its appearance on the biggest stock losers list a bit surprising. SUNE stock is up over 260% year-to-date, even after the 9% drop Sunedison shares suffered today.
Ciena Corp (CIEN, -8%): CIEN stock is off over 8% today, extending its recent downturn. CIEN stock has lost over 22% of its value since hitting a mid-October peak.
Taminco Corp (TAM, -7%): TAM stock is another of the biggest stock losers, with Taminco shares dropping after news of its secondary offering price.
Turquoise Hill Resources (TRQ, -6%): TRQ stock is another of the biggest stock losers, down almost 6% after Credit Suisse lowered its rating on the stock.
Check in daily for our list of 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-lulu-iag-sune/
Short URL: http://invstplc.com/1nv5gav
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.