by Karl Utermohlen | December 20, 2013 12:18 pm
RAD is one of the morning’s biggest stock losers for the second day in a row. However, no one had a tougher morning than TIBX with shares down more than 14%.
These were only two of the many companies that posted losses in early trading Friday … even as the broader market posted gains.
Here are Friday’s biggest stock losers.
Biggest Stock Losers
Tibco Software (TIBX, -14%): TIBX stock fell 14% after the company announced its current quarter expectations which are much lower than Wall Street projections.
Carmax (KMX, -9%): KMX shares are down 9% after the company announced that third-quarter profits are up more than 12%.
Oxygen Biotherapeutics (OXBT, -7%): OXBT stock was up 28% yesterday afternoon after announcing that it would be part of Phase III patient testing for a cardiac surgery drug. However, Oxygen Biotherapeutics today are one of the day’s biggest stock losers with shares down 7%.
Interdigital (IDCC, -6%): IDCC stock is down 6% following the company’s loss of a patent infringement case against Nokia and Huawei.
Rite Aid (RAD, -6%): Rite Aid is one of the day’s biggest stock losers for the second day in a rown with shares down 6%.
Fastenal Company (FAST, -5%): FAST stock is down 5% following the company’s announcement that its fourth-quarter earnings will miss expectations.
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