Patriot Coal and 4 NYSE Top Percentage Losing Stocks
Pep Boys-Manny, Moe & Jack (The (NYSE:PBY) sure doesn’t have a lot to be peppy about after shares fell 12.5% in after-hours trading after announcing its planned sale to Gores Group has been called off. Gores had hinted earlier this month that it was canceling the deal after a “serious deterioration” in Pep Boys’ business. Shares fell 19.84% on the day to close at $8.89, and they have traded in a 52-week range of $8.18 to $15.46.
Teavana Holdings (NYSE:TEA) shares closed at $13.78, down $3.03, or 18.02%. They have traded in a 52-week range of $14.28 to $29.35.
Frontline Ltd. (NYSE:FRO): Shares of Frontline didn’t see front-of-the-line results after Deutsch Bank downgraded the company to Sell; analysts find it hard to see any potential for upside earnings surprises in the near future. Shares fell 11.4% to $4.82, and they have traded in a 52-week range of $2.52 to $18.83.
Tata Motors (NYSE:TTM): Overseas trading hasn’t looked good for Tata Motors, whose shares in Mumbai fell 12% after its Jaguar Land Rover posted earnings that missed analyst estimates, Bloomberg reported. Domestic shares followed suit, falling 9.94% on the day to $20.84. They have traded in a 52-week range of $14.33 to $30.63.
Patriot Coal (NYSE:PCX): Coal shares dropped overall as Patriot Coal was cut from Buy to Fair Value in light of its uncertain refinancing status and weak cash flow outlook. Two options on the table are either the company files for Chapter 11 by the year’s end or the liquidity crisis is averted. Patriot shares dropped 8.46% to $2.38, and they have traded in a 52-week range of $1.36 to $24.99.
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