Tiffany, Health Management, Goodyear, WebMD Top Biggest Stock Losers of the Day
The DJIA, S&P 500 and Nasdaq ended Tuesday trading positively in the green. Not all companies could keep up with the upside momentum due to negative news affecting shareholders’ view on the future. Here are the stocks facing downward pressure:
WebMD Health Corp. (NASDAQ:WBMD): WebMD’s special committee formed to explore a sale has “terminated … discussions with potential acquirers and its process to review a potential sale.” Shareholders could ask for a second opinion. The shares closed at $26.25, down $10.48, or 28.53 percent. Their 52-week trading range has been $25.56 to $58.55.
Health Management Associates, Inc. (NYSE:HMA): Health Management Associates shares are reacting to a whistleblower lawsuit alleging repeated over billing charges for Medicare. Despite all the fuss, and federal subpoenas, Susquehanna’s A.J. Rice tells clients an “extraordinary buying opportunity” exists. The shares closed at $6.05, down $0.91, or 13.07 percent. Their 52-week trading range has been $6.06 to $11.74.
Tiffany & Co. (NYSE:TIF): Harry Winston (NYSE:HWD) takes a cut on a profit warning from Tiffany’s, largest customer of Winston’s mining operations. The shares closed at $59.94, down $7, or 10.46 percent. Their 52-week trading range has been $54.58 to $84.49.
The Goodyear Tire & Rubber Company (NYSE:GT): Goodyear Tire CEO Richard Kramer blames unseasonably warm weather for slow winter tire sales. The stock may have a slow leak, deflating over 10 percent in the last half-hour. Kramer still thinks Goodyear will meet goals for 2013 goals but recent trends have challenged, with softness in all categories of volume. Also, CTB -3.5 percent. The shares closed at $14.01, down $1.27, or 8.31 percent. Their 52-week trading range has been $8.53 to $18.83.
Impax Laboratories Inc (NASDAQ:IPXL): The shares closed at $19.92, down $1.31, or 6.17 percent. Their 52-week trading range has been$14.46 to $28.75.
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