Why Wayfair Inc., Juniper Networks, Inc., and Tripadvisor Inc. and Are 3 of Today’s Worst Stocks

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The unofficial and unrequired closure of the bond market (in observance of Veteran’s Day) didn’t deter stock traders on Tuesday … though the equity markets weren’t exactly inspired. U.S. investors may have been unsure about what to make of the Asia-Pacific Economic Cooperation meetings currently underway, which so far has largely left the United States out of some significant trade pacts.

Leading the lethargy on Tuesday were Wayfair Inc. (W), Juniper Networks, Inc. (JNPR), and Tripadvisor Inc. (TRIP), all for very different reasons. But they were all similarly troubling to watch implode.

Tripadvisor (TRIP)

TripAdvisor NASDAQ:TRIPJust when it looked like Tripadvisor shares were going to rebound from their post-earnings tumble last week, the bears launched a second salvo of selling, driving TRIP under last week’s low of $71.05 with a low of $69.99. Now that the dam’s been broken, though, there’s no telling where the bleeding will stop this time around.

There was no particular prod for today’s 4% pummeling. It’s most likely an aftershock from the 14% plunge we saw from the stock on the 5th, when Tripadvisor fell short of its Q3 estimates. Although sales were up 39% (and better than expected), the profit of 48 cents per share was 12 cents shy of expectations. Having had some time to think about it, the market tore into the stock again.

Wayfair (W)

The post-IPO drubbing continues to take a toll on e-commerce company Wayfair. The stock’s now down 33% from its debut price of $36.00 on October 2nd, thanks to today’s 16% dip. W stock has been lower in the meantime, but not by much. It reached a low of $22.56 in mid-October, and only closed at $24.89 today.

The prompt for Tuesday’s weakness was likely to be the company’s Q3 earnings figures, which were unveiled yesterday afternoon. They were encouraging on the surface, with sales and well as profit expectations being topped. Investors seem to be more concerned about the widening losses though. Wayfair lost $24 million last quarter, versus only a loss of $3 million in the same quarter a year earlier.

Whatever the case, it’s clear the sellers aren’t done yet. Indeed, with an IPO price of $29.00 per share, the initial investors may be more desperate than ever to not let their losses widen any further.

Juniper Networks (JNPR)

Shares of Juniper Networks took nearly a 6% hit on Tuesday after CEO Shaygan Kheradpir resigned Monday afternoon, after only holding the position for ten months. The reason for his exit remains unclear, though the Board of Directors was willing to explain it had something to do with “conduct in connection with a particular negotiation with a customer.”

It may or may not be related, but Juniper Networks is also currently being probed by the SEC for potentially bribing foreign officials.

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As of this writing, James Brumley did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2014/11/wayfair-inc-juniper-networks-inc-tripadvisor-inc-3-todays-worst-stocks/.

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