Thursday’s Biggest Stock Losers: SMTC, RAD and More

by Karl Utermohlen | December 19, 2013 11:12 am

RAD highlights the morning’s biggest stock losers with shares down over 8% in early trading Thursday. SMTC and CIE shares were also in the red today, both down over 9% to start off the day.

biggest stock losers[1]These weren’t the only stocks that dipped as the broader market posted losses on Thursday.

Here are today’s biggest stock losers.

Biggest Stock Losers

Semtech Corporation (SMTC[2], -14%): SMTC stock is down 14% after the company lowered its outlook for the fourth-quarter[3].

Cobalt International Energy (CIE[4], -9%): CIE stock is down 9% after the company announced that it has completed its 2013 mineral resource definition drill program[5].

Rite Aid (RAD[6], -8%): The pharmaceutical giant exceeded its financial expectations[7] for the fiscal year with third-quarter earnings rising 16% on continued sales growth. However, these impressive results didn’t stop RAD stock from being one of the day’s biggest stock losers with shares down 8% in early trading Thursday.

Darden Restaurants (DRI[8], -7%): DRI shares took a tumble after the company said it is looking to boost DRI stock value for its shareholders by parting ways with Red Lobster[9].

Rosetta Resources (ROSE[10], -6%): ROSE stock is down close to 6% as analysts upgraded Rosetta Resources[11] to an “accumulate” rating.

Icici Bank (ICI[12], -5%): ICI stock is down 5% after enjoying a three-month period of growth.

Gold Fields (GFI[13], -4%): GFI continues to struggle with shares down 76% YTD after suffering a 4% dip on Thursday.

  1. [Image]:
  2. SMTC:
  3. lowered its outlook for the fourth-quarter:
  4. CIE:
  5. mineral resource definition drill program:
  6. RAD:
  7. exceeded its financial expectations:
  8. DRI:
  9. parting ways with Red Lobster:
  10. ROSE:
  11. analysts upgraded Rosetta Resources:
  12. ICI:
  13. GFI:

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