S&P Losers Falling Hard: Yahoo, First Solar, and Masco
The S&P 500 (NYSEARCA:SPY) is down today by 0.45% and stands at 1,346. Here are three notable and stocks that are experiencing large declines today.
Masco (NYSE:MAS) is down as Q4 results showed much weaker sales than expected. Higher commodity prices and a particularly large drop in European sales is to blame. MAS shares recently traded at $11.53, down $1.7, or 12.85%. They have traded in a 52-week range of $6.60 to $14.43. Volume today was 15,380,467 shares versus a 3-month average volume of 5,444,190 shares. The company’s trailing earnings are $-2.99 per share.
First Solar (NASDAQ:FSLR): It’s been a tough week for First Solar, and it’s been made worse by news the German government’s cuts in solar energy will be in the 20-35% range instead of the 10-20% range. FSLR shares recently traded at $38.97, down $2.75, or 6.59%. They have traded in a 52-week range of $29.87 to $175.45. Volume today was 5,700,612 shares versus a 3-month average volume of 4,288,720 shares. The company’s trailing P/E is 6.44, while trailing earnings are $6.09 per share.
Yahoo! (NASDAQ:YHOO) was in talks to sell its Asian assets and save an enormous amount in U.S. taxes as a result. However, negotiators on the Asian side blame Yahoo for changing the arrangements that had guided negotiations thus far. YHOO shares recently traded at $15.32, down $0.8, or 4.96%. They have traded in a 52-week range of $11.09 to $18.84. Volume today was 40,266,226 shares versus a 3-month average volume of 18,893,900 shares. The company’s trailing P/E is 18.71, while trailing earnings are $0.82 per share.
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