Monday’s Biggest Stock Losers: IR, CIE, and More

by Burke Speaker | December 2, 2013 12:51 pm

Monday’s Biggest Stock Losers: IR, CIE, and More

In early trading Monday, Ingersoll-Rand PLC (IR[1]) and Cobalt International Energy (CIE[2]) were among the stocks that were the biggest stock losers. IR stock and CIE stock weren’t the only ones that suffered though.

winnerslosers185 150x150 Monday's Biggest Stock Losers: IR, CIE, and More

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[1], -21%): IR stock took a tumble in early Monday trading. The stock drop left IR down 16% year to date.

Cobalt International Energy (CIE[2], -16%): CIE stock suffered along with a fall in energy stocks. CIE stock is down 24% year to date.

Petroleo Brasileiro Petrobras SA (PBR[3], -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[4], -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[5], -9%): PBR.A stock fell for the same reason as PBR stock dropped — secretive pricing strategy shielded from the eyes of nervous investors.

Endnotes:
  1. IR: http://studio-5.financialcontent.com/investplace/quote?Symbol=IR
  2. CIE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CIE
  3. PBR: http://studio-5.financialcontent.com/investplace/quote?Symbol=PBR
  4. MYGN: http://studio-5.financialcontent.com/investplace/quote?Symbol=MYGN
  5. PBR.A: http://studio-5.financialcontent.com/investplace/quote?Symbol=PBR.A

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