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

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

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]).

[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.

Source URL: https://investorplace.com/2013/12/mondays-biggest-stock-losers-usu-tmus/

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