5 NYSE Top Percentage Losers to Watch Now
Tempur-pedic International Inc (NYSE:TPX: The mattress-maker’s shares crashed 48.73 percent as earnings and sales forecasts for FY2012 saw drastic cuts. Analysts predict even more dire fortunes for the company as promotions bombed and low priced products found not takers. Shares have traded in a 52-week range of $41.53 to $87.43.
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Rackspace Hosting, Inc Common S (NYSE:RAX): The web hosting company’s shares lost 4.51 percent as it was downgraded by Jefferies on growth concerns due to its migration to the OpenStack platform. Jefferies cut its PT from $64 to $54.
The shares have traded in a 52-week range of $30.34 to $60.55.
KINDER MORGAN (NYSE:KMI):Shares gave up 3.81 percent after the company announced a secondary offering of 63 million common shares, none of which come from the company or its management. The offer proceeds will also not accrue to the company.
Barrick Gold Corporation Common (NYSE:ABX): Shares of miner Barrick responded positively, up 3.8 percent on news that the company appointed EVP and CFO Jamie Sokalsky as the President and CEO in place of Aaron Regent. Sokalsky was also given Regent’s berth on the Board of Directors, while Director John L Thornton became Co-Chairman of the Board, with all these changes taking effect immediately. The shares have traded in a 52-week range of $34.82 to $55.95.
Halliburton Company Common Stock (NYSE:HAL): The oil driller’s margins are expected to be under pressure in the second quarter due to a rise in the price of guar gum, a commodity used in fracking. Margins could crack about 300 points and the outlook for the second half of the year is also clouded by apprehensions of a scarcity of the commodity.
The shares have traded in a 52-week range of $27.21 to $57.77.
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