Thursday’s Biggest Stock Losers: SMTC, RAD and More

RAD stock is down despite the company's impressive third quarter

   

Thursday’s Biggest Stock Losers: SMTC, RAD and More

RAD highlights the morning’s biggest stock losers with shares down over 8% in early trading Thursday. SMTC and CIE shares were also in the red today, both down over 9% to start off the day.

winnerslosers185 Thursdays Biggest Stock Losers: SMTC, RAD and MoreThese weren’t the only stocks that dipped as the broader market posted losses on Thursday.

Here are today’s biggest stock losers.

Biggest Stock Losers

Semtech Corporation (SMTC, -14%): SMTC stock is down 14% after the company lowered its outlook for the fourth-quarter.

Cobalt International Energy (CIE, -9%): CIE stock is down 9% after the company announced that it has completed its 2013 mineral resource definition drill program.

Rite Aid (RAD, -8%): The pharmaceutical giant exceeded its financial expectations for the fiscal year with third-quarter earnings rising 16% on continued sales growth. However, these impressive results didn’t stop RAD stock from being one of the day’s biggest stock losers with shares down 8% in early trading Thursday.

Darden Restaurants (DRI, -7%): DRI shares took a tumble after the company said it is looking to boost DRI stock value for its shareholders by parting ways with Red Lobster.

Rosetta Resources (ROSE, -6%): ROSE stock is down close to 6% as analysts upgraded Rosetta Resources to an “accumulate” rating.

Icici Bank (ICI, -5%): ICI stock is down 5% after enjoying a three-month period of growth.

Gold Fields (GFI, -4%): GFI continues to struggle with shares down 76% YTD after suffering a 4% dip on Thursday.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/biggest-stock-losers-smtc-rad-cie-dri/.

©2014 InvestorPlace Media, LLC

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