Monday’s Biggest Stock Losers: USU, TMUS, and More

by Karl Utermohlen | December 16, 2013 11:19 am

Monday’s Biggest Stock Losers: USU, TMUS, and More

T-Mobile (TMUS[1]) and Real Goods Solar (RSOL[2]) were among the biggest stock losers in early trading Monday morning. However, their losses pale in comparison with Usec (USU[3]).

winnerslosers185 Monday's Biggest Stock Losers: USU, TMUS, and More[4]Several other big companies suffered a dip in value Monday morning while the broader market grew stronger.

Take a closer look at a few of Monday’s biggest stock losers.

Biggest Stock Losers

Usec (USU[3], -50%): USU stock is down an astonishing 50% and the company has reached an agreement with most of its holders[5] 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[2], -8%): Following RSOL stock’s continuing decline, the company called for a meeting on Jan. 14, 2014[6] with its shareholders to discuss the possibility of a merger with Mercury (MRCY[7]).

CytRx (CYTR[8], -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[9].

Coronado Biosciences (CNDO[10], -6%): CNDO stock had a disappointing morning following a month where its value rose 60%.

T-Mobile (TMUS[1], -3%): As tech giant Sprint looks to merge with T-Mobile[11], TMUS stock suffered a 3% dip today.

Plug Power (PLUG[12], -5%): PLUG stock is down 4.78% following a 12-day period of growth where its value went up an impressive 150%.

Zogenix (ZGNX[13], -3%): Zogenix received FDA approval for a migraine drug on Dec. 10[14] but the company’s stock is down 2.65% Monday morning.

Endnotes:
  1. TMUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=TMUS
  2. RSOL: http://studio-5.financialcontent.com/investplace/quote?Symbol=RSOL
  3. USU: http://studio-5.financialcontent.com/investplace/quote?Symbol=USU
  4. [Image]: http://investorplace.com/wp-content/uploads/2013/10/winnerslosers185.jpg
  5. has reached an agreement with most of its holders: http://www.rttnews.com/2240014/usec-reaches-deal-with-noteholder-group-expects-to-file-for-bankruptcy-in-q1.aspx?type=qf&utm_source=google&utm_campaign=sitemap
  6. called for a meeting on Jan. 14, 2014: http://gdpinsider.com/real-goods-solar-inc-nasdaqrsol-calls-for-special-meeting-6806.html
  7. MRCY: http://studio-5.financialcontent.com/investplace/quote?Symbol=MRCY
  8. CYTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=CYTR
  9. the company’s announcement of clinical trial results: http://www.thestreet.com/story/12155360/1/cytrx-directors-are-3m-richer-with-well-timed-stock-option-grants.html
  10. CNDO: http://studio-5.financialcontent.com/investplace/quote?Symbol=CNDO
  11. looks to merge with T-Mobile: http://wallstreetpr.com/will-t-mobile-us-inc-nysetmus-will-see-more-sprint-12920
  12. PLUG: http://studio-5.financialcontent.com/investplace/quote?Symbol=PLUG
  13. ZGNX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ZGNX
  14. FDA approval for a migraine drug on Dec. 10: http://online.wsj.com/news/articles/SB10001424052702304744304579249962009744176

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