Friday’s Biggest Stock Losers: TIBX, RAD, and More

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%.

biggest stock losers[1]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[2], -14%): TIBX stock fell 14% after the company announced its current quarter expectations[3] which are much lower than Wall Street projections.

Carmax (KMX[4], -9%): KMX shares are down 9% after the company announced that third-quarter profits are up[5] more than 12%.

Oxygen Biotherapeutics (OXBT[6], -7%): OXBT stock was up 28% yesterday afternoon after announcing that it would be part of Phase III patient testing[7] for a cardiac surgery drug. However, Oxygen Biotherapeutics today are one of the day’s biggest stock losers with shares down 7%.

Interdigital (IDCC[8], -6%): IDCC stock is down 6% following the company’s loss of a patent infringement case[9] against Nokia and Huawei.

Rite Aid (RAD[10], -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[11], -5%): FAST stock is down 5% following the company’s announcement that its fourth-quarter earnings will miss expectations[12].

  1. [Image]:
  2. TIBX:
  3. current quarter expectations:
  4. KMX:
  5. third-quarter profits are up:
  6. OXBT:
  7. Phase III patient testing:
  8. IDCC:
  9. company’s loss of a patent infringement case:
  10. RAD:
  11. FAST:
  12. will miss expectations:

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