Browsing articles tagged with " crushed"
Green Dot is getting slammed today, down nearly 20% at one point, when American Express and Wal-mart announced they're joining forces to offer their own version of pre-paid credit cards
. However, today's not just a one off surprise slam of Green Dot's stock. If you look at the chart of Green Dot for the past few years, it's been nothing but negative and in a terrible downward slope - to the point where you start to wonder if it's ever going to go up again.
But if you can get over the awful looking chart for Green Dot, and believe
Tagged american express, crushed, green dot, slammed, wal-mart
Mark Zuckerberg final admits it's "painful"
to see Facebook stock go down so much. It's especially painful for Mark when you consider how much money he's lost since the Facebook IPO, when the stock was trading for nearly $40 a share. Zuckerberg has lost nearly $10 billion dollars in paper wealth. Yes, that's a lot of money and a lot of hoodies and sandals he could have bought.
I have to say it's fun to see Facebook's stock collapses like this. There was just too much hype and excitement around a company that doesn't really make anything. Remember, Facebook ain't
Tagged crushed, mark zuckerberg, painful, stock drop, wealth ometer
of Green Light Capital owns 18,372,247 shares of Marvell, which are now down close to 16% after the company announced disappointing quarterly results and guidance. That's got to hurt. And even the best Poker player will have a tough time hiding his frustration. Roughly a year ago the stock was trading for close to $22 a share, now it's been cut in half.
In Einhorn's letter to investors on July 23, 2012
, he had this to say about Marvell:
Marvell Technology Group (MRVL) was the other significant loser, as its shares fell from $15.73 to $11.28 during the
Tagged crushed, david einhorn, green light capital, marvell
Tempur-Pedic International, the maker of premium mattresses and pillows, is down nearly 50% today after it cut its sales number in half. Analysts were expecting earnings of 86 cents per share and that's now going to be around 36 cents per share. CEO Mark Sarvary said this cut in sales was do to new competition in the specialty space.
What's comical though is how the downgrades and rating changes start coming in once the stocks is chopped in half. What happened to their over weights, market performs, out performs, and strong buys?
Amazingly, the stock went from $87 a share
Tagged crushed, downgrades, keybanc, mattresses, oppenheimer, Tempur-Pedic
Tonight, spill some wine out for Constellation Brands, as the stock was down as much as 16% after they lowered guidance for the year. Prior to their earnings report the stock was trading for $25 a share, after earnings the stock dropped down to as low as $21 a share on the day. If you were long, you were going for the bottle to drown your sorrows.
However, a pull back like this might just represent a buying opportunity for long term traders. Constellation has a number of strong brands in the portfolio from Corona to Svedka vodka to
Tagged beer, constelation brands, cramer, crushed, lowers guidance, vodka, wine
Coal stocks aren't turning into diamonds anytime soon it looks like. Arch Coal (ACI) is down nearly 11%. Alpha Natural Resources (ANR) is down about 10%. Patriot Coal (PCX) is down almost 12%. Why are these coal stocks getting crushed? Well, Patriot Coal was the culprit when they said there was a weaker demand for metallurgical coal:
Already hit by a mild winter that’s dampened demand for thermal coal used for power plants and electric heat, Wall Street is now bidding down shares of coal firms based on softness in the market for metallurgical coal.
Patriot Coal PCX -11.81% triggered
Tagged alpha natural resources, arch coal, coal stocks, crushed, patriot coal
Just yesterday, software giant Oracle was trading for around $29 a share. Now, after a disappointing earnings report due in large part to the slow down in Europe, Oracle's stock (ORCL) is trading for around $25 a share. Ouch. That's over a 13% drop.
What's worse though is when you look at from a market capitalization standpoint. The $4 drop in price with about 5 billion shares outstanding works out to a $20 billion loss. Ouch again. Then you could say how much is that $20 billion worth in terms of other companies. How about Salesforce.com which is worth about
Tagged crushed, lost $20 billion in market capitalization, oracle, research in motion, salesforce
There are a lot of Green Mountain stock holders who are suffering right now as the stock went from $67 to $40 after a poor earnings report that left more questions on the table than answers.
The stock of course has been getting hammered ever since David Einhorn said he was going short GMCR
, and laid out his argument for why the stock was over valued and perhaps even incorrectly reporting certain numbers. However, over on the Yahoo Finance message board there were some saying that Green Mountain remains a take over target. Here's some good
Tagged crushed, david einhorn, green mountain, take over target, yahoo finance message board
If you woke up today and were wondering why in the world gold miner Agnico-Eagle, a once Cramer loved gold stock, was down over 18%, well it's because they were forced to just down a mine and write off $260 million. Yes, as many say, that's the risk with owning gold mining stocks rather than the physical or actual gold.
TORONTO, Oct. 19, 2011 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") announced today that it is suspending mining operations and gold production at its Goldex mine in Val d'Or, Quebec effective immediately. This decision follows the receipt of
Tagged Agnico-Eagle, crushed, mine shut down
Traders didn't like what they heard from Crocs after hours, as they've taken the stock (CROX) down 35%, from nearly $27 a share to $17. Ouch. Crocs doesn't report this quarters earnings until October 27th, I guess they didn't want to wait until then to drop the bad news.
Why did they cut guidance? Headwinds in Europe and a decrease in sales at mall kiosks and outlets. However, they will have those new Crocs for kids, the ones that change color in the sun. I guess this is a hit with the kids. Still, this ain't going to save them.
Tagged crocs, crushed