Why JDA Software Group and 2 Coal Stocks Were Big Percentage Losers
JDA Software Group, Inc., (NASDAQ:JDAS) blamed its Q4 earnings shortfall on retailers halting orders in an attempt to trim expenses in response to weak margins. The supply-chain management software company’s warning could be a red flag for both IT spending and the U.S. retail industry. Trading in a 52-week range of $22.09 to $35.02, JDAS shares closed at $28.42, down $4.38, or 13.35%.
Alpha Natural Resources, Inc. (NYSE:ANR): shares closed at $20.19, down $2.36, or 10.47%, as Patriot Coal’s (NYSE:PCX) warning triggers a broader selloff in coal stocks. Alpha shares have traded in a 52-week range of $15.49 to $62.65.
Arch Coal Inc (NYSE:ACI) shares closed at $14.13, down $1.53, or 9.77%. They have traded in a 52-week range of $13.09 to $36.99. Patriot Coal’s (NYSE:PCX) warning was related to the production of high-end coal used for steelmaking, likely raising fears of cooling global indutrial output. Clearly, coal stocks were some of the biggest percentage losers on Friday.