Thursday’s Biggest Stock Losers: SMTC, RAD and More
RAD stock is down despite the company's impressive third quarter
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.
These 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/.
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