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].

Endnotes:

  1. [Image]: https://investorplace.com/wp-content/uploads/2013/10/winnerslosers185.jpg
  2. TIBX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TIBX
  3. current quarter expectations: http://news.investors.com/technology/122013-683705-tibco-software-stock-tumbles-on-weak-guidance.htm?ref=HPLNews
  4. KMX: http://studio-5.financialcontent.com/investplace/quote?Symbol=KMX
  5. third-quarter profits are up: http://www.timesdispatch.com/business/ap/used-car-dealership-chain-carmax-q-profit-up/article_32bb5476-698f-11e3-8558-001a4bcf6878.html
  6. OXBT: http://studio-5.financialcontent.com/investplace/quote?Symbol=OXBT
  7. Phase III patient testing: http://www.nasdaq.com/article/healthcare-stocks-in-decline-oxygen-biotherapeutics-rallies-on-plans-to-bring-heart-drug-to-latestage-trial-cm312763
  8. IDCC: http://studio-5.financialcontent.com/investplace/quote?Symbol=IDCC
  9. company’s loss of a patent infringement case: http://www.bloomberg.com/news/2013-12-19/interdigital-loses-u-s-patent-case-against-nokia-huawei.html
  10. RAD: http://studio-5.financialcontent.com/investplace/quote?Symbol=RAD
  11. FAST: http://studio-5.financialcontent.com/investplace/quote?Symbol=FAST
  12. will miss expectations: http://online.wsj.com/news/articles/SB10001424052702304866904579269934044340354

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