Take a closer look at a few of Monday’s biggest stock losers.
Biggest Stock Losers
Usec (USU, -50%): USU stock is down an astonishing 50% and the company has reached an agreement with most of its holders to replace about $530 million in convertible notes as part of a financial restructuring plan. Usec is expected to file for bankruptcy in the first quarter of 2014.
Real Goods Solar (RSOL, -8%): Following RSOL stock’s continuing decline, the company called for a meeting on Jan. 14, 2014 with its shareholders to discuss the possibility of a merger with Mercury (MRCY).
CytRx (CYTR, -7%): CYTR stock is down 7% following a 125% boom over the last four days thanks to the company’s announcement of clinical trial results.
Coronado Biosciences (CNDO, -6%): CNDO stock had a disappointing morning following a month where its value rose 60%.
Plug Power (PLUG, -5%): PLUG stock is down 4.78% following a 12-day period of growth where its value went up an impressive 150%.