In early trading Monday, Ingersoll-Rand PLC (IR) and Cobalt International Energy (CIE) were among the stocks that were the biggest stock losers. IR stock and CIE stock weren’t the only ones that suffered though.
Here are the other stock losers that started out having a very bad day, with mostly bearish trading volume of over 1 million.
Take a look at Monday’s biggest stock losers.
Biggest Stock Losers
Ingersoll-Rand PLC (IR, -21%): IR stock took a tumble in early Monday trading. The stock drop left IR down 16% year to date.
Cobalt International Energy (CIE, -16%): CIE stock suffered along with a fall in energy stocks. CIE stock is down 24% year to date.
Petroleo Brasileiro Petrobras SA (PBR, -12%): PBR stock took a hit when the company announced that it had adopted a pricing strategy that will eliminate costly fuel subsidies. Sounds great, but they also announced they would not reveal how that pricing is done.
Myriad Genetics (MYGN, -11.5%): A suit and some analysts pushing the idea that MYGN stock was on its way down caused a nearly 12% decline for MYGN stock. The fall left it down 3% year to date.
Petroleo Brasileiro Petrobras SA (PBR.A, -9%): PBR.A stock fell for the same reason as PBR stock dropped — secretive pricing strategy shielded from the eyes of nervous investors.