JP Morgan Among These Big Stock Price Percentage Losers May 11th
JPMorgan Chase & Co. (NYSE:JPM): While JP Morgan has been severely shaken by a trading bet that backfired, resulting in a massive $2B trading loss, its shares should reward patient investors, Barron’s contends. JP Morgan remains the preeminent U.S. bank. It disclosed the problem quickly and is dealing with it aggressively. And perhaps most importantly, Barron’s says it has the capital to take the hit. The shares closed at $36.96, down $3.78, or 9.28%. They have traded in a 52-week range of $27.85 to $46.49.
Alere Inc (NYSE:ALR): Leerink downgraded Alere with a $19-$20 price target range citing a greater than previously expected potential revenue impact from the FDA inspection. The shares closed at $19.02, down $3.28, or 14.71%. They have traded in a 52-week range of $17.82 to $41.18.
Francesca’s Holdings Corp (NASDAQ:FRAN): Francesca’s weakness attributed to rumors of another secondary offering The shares closed at $24.02, down $3.64, or 13.16%. They have traded in a 52-week range of $15.22 to $33.93.
Ubiquiti Networks Inc (NASDAQ:UBNT): Pacific Crest views today’s weakness in shares of Ubiquiti Networks as a buying opportunity and keeps an Outperform rating on the stock. The shares closed at $22.56, down $2.18, or 8.81%. They have traded in a 52-week range of $16.25 to $35.99.
Education Management Corp (NASDAQ:EDMC): Career Education says students showing less interest in for-profit education. The shares closed at $9.72, down $0.85, or 8.04%. They have traded in a 52-week range of $10.48 to $29.90.
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