5 Popular Stocks Being Tossed Away Friday

Through the opening portion of the trading day on Friday, September 2, 2011, the Dow (NYSE:DIA) is down 164 points to 11,329, the NASDAQ (NASDAQ:QQQ) is down 40 points to 2,505 and the S&P500 (NYSE:SPY) is down 19.99 points to 1,184. Here are some of today’s biggest losers by price.

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Shares of Bank of America Corporation (NYSE:BAC) are trading at $7.39, down 52 cents (-6.6%) from the previous close of $7.91. The Federal Housing Finance Agency is filing lawsuits against the big banks over the bundling of subprime loans into bonds. Bank of America Corporation is a bank holding and a financial holding company which, through its subsidiaries, provides banking and other financial services and products to customers in the United States and abroad.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $3 (-27.5%) from $10.91 to $7.91. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 22, 2010 when shares rose for six straight trading days, rising 8.8% (+$1.08). It saw one of its worst periods between July 7, 2011 and July 19, 2011 when shares fell for nine straight trading days, falling 12.4% (-$1.35).

Peabody Energy Corporation (NYSE:BTU) is one of the price losers, as its shares are trading at $44.70, down $3.03 (-6.2%) from the previous close of $47.64. The energy company lowered its outlook today after the Australia coal mine incident it experienced. Peabody Energy Corporation mines steam coal for sale mainly to electric utilities and metallurgical coal for sale to industrial customers.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $11.57 (-19.2%) from $60.37 to $48.80. The stock price saw one of its best stretches over the last year between August 22, 2011 and August 31, 2011 when shares rose for eight straight trading days, rising 17.2% (+$7.16). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 26.9% (-$15.42).

Netflix, Inc. (NASDAQ:NFLX) is among the price losers in the market, as its shares are trading at $211.91, which is $22.56 (-9.2%) below the previous close of $233.27. Starz is pulling the plug on its content deal with Netflix. If Netflix wants to keep the content, it appears they are going to have to pay upward for it now. Netflix provides subscription service, streaming movies and TV episodes over the Internet and by mail.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $59.15 (-20.2%) from $292.42 to $233.27. The stock price saw one of its best stretches over the last year between March 18, 2011 and March 30, 2011 when shares rose for nine straight trading days, rising 13.6% (+$28.55). It saw one of its worst periods between February 14, 2011 and February 23, 2011 when shares fell for seven straight trading days, falling 14.7% (-$36.35).

H&R Block Inc. (NYSE:HRB) is among the market losers in price, as its stock price fell by $1.84 (-11.9%) to $13.37. The tax services company released a worse-than-expected earnings report today. The stock is being hammered due to the wider earnings loss. H&R Block, Inc. through its subsidiaries, provides tax preparation, retail banking, accounting and various business advisory and consulting services.

Stock Price Performance: From August 25, 2011, to August 31, 2011, the stock price had risen $1.57 (11.6%) from $13.55 to $15.12. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 23, 2011 when shares rose for six straight trading days, rising 4.5% (+69 cents). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 8.3% (-$1.29).

Shares of Gannett Co., Inc. (NYSE:GCI) are trading at $10.57, down 65 cents (-5.5%) from the previous close of $11.18. Newspaper ad spending declined 7% in the second quarter. According to the NAA, newspapers have had 20 quarters of consecutive ad revenue declines. Gannett Co., Inc. is an international news and information company operating mainly in the realms of publishing, digital and broadcasting.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $3.42 (-23.4%) from $14.60 to $11.18. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 8, 2010 when shares rose for seven straight trading days, rising 20.7% (+$2.69). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 26.1% (-$3.55).