Billion Dollar Stocks Declining 25% or More in Last Week’s Market Crash

Wall St. Watchdog shows the market’s billion dollar disasters: those companies whose stocks declined by at least 25% over the past week.  The minimum market capitalization for this screen is $1 billion.  Of the 28 companies that follow, 5 are in the Basic Materials sector, 6 are in the Energy sector, 2 are in the Financial sector, 5 are in the Healthcare sector, 3 are in the services sector, and 7 are in the Technology sector. Here are the culprits:

  • Dendreon Corporation (NASDAQ:DNDN): This company, which operates in the Healthcare sector, saw its stock decline by -65.96% over the past week, to a price of $12.56. Its market capitalization is $1,869,653,000. About the company: Dendreon Corporation discovers and develops immunologically based therapeutic products for the treatment of cancer.  The Company combines knowledge in immunology and antigen engineering with proprietary cell separation technologies to develop therapeutic vaccines that induce cell-mediated immunity, the body’s key defense against cancer.
  • Allied Irish Banks, plc. (ADR) (NYSE:AIB): This company, which operates in the Financial sector, saw its stock decline by -48.84% over the past week, to a price of $0.87. Its market capitalization is $42,956,408,770. About the company: Allied Irish Banks plc attracts deposits and offers commercial banking services.  The Bank offers mortgage, automobile, business, plant and equipment purchase, and lease financing loans, investment banking, securities brokerage, asset management and treasury services, and discounts invoices.  AIB operates in Ireland, the United Kingdom, the United States, and Poland.
  • MetroPCS Communications, Inc. (NYSE:PCS): This company, which operates in the Services sector, saw its stock decline by -41.46% over the past week, to a price of $9.53. Its market capitalization is $3,449,532,000. About the company: MetroPCS Communications, Inc. is a wireless communications provider in the United States.  The Company offers unlimited wireless and data services to the mass market.
  • Walter Energy, Inc. (NYSE:WLT): This company, which operates in the Energy sector, saw its stock decline by -40.20% over the past week, to a price of $73.30. Its market capitalization is $4,561,153,000. About the company: Walter Energy, Inc. mines coal.  The Company produces metallurgical and steam and industrial coal; manufactures blast furnace, foundry, industrial and buckwheat coke; and produces light oil, coal tar, and ammonium sulfate.  Walter Energy also degasifies coalbeds and sells the gas to a utility.
  • AbitibiBowater Inc. (NYSE:ABH): This company, which operates in the Basic Materials sector, saw its stock decline by -37.41% over the past week, to a price of $0.03. Its market capitalization is $1,682,914,000. About the company: AbitibiBowater, Inc. manufactures newsprint, coated and uncoated groundwood papers, bleached kraft pulp, and lumber products.  The Company owns and operates pulp and paper mills, a coating operation, and sawmills in North America.
  • CoreLogic Inc. (NYSE:CLGX): This company, which operates in the Technology sector, saw its stock decline by -37.14% over the past week, to a price of $9.92. Its market capitalization is $1,082,825,000. About the company: CoreLogic, Inc. provides consumer, financial and property information, analytics and services to business and government.  The Company combines public, contributory and proprietary data to develop predictive decision analytics.  CoreLogic offers mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services.
  • Brocade Communications Systems, Inc. (NASDAQ:BRCD): This company, which operates in the Technology sector, saw its stock decline by -35.77% over the past week, to a price of $3.52. Its market capitalization is $1,687,562,000. About the company: Brocade Communication Systems, Inc. provides switching solutions for storage area networks.  The Company’s switching solutions utilize the fiber channel interconnect protocol.  Broacade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.
  • WMS Industries Inc. (NYSE:WMS): This company, which operates in the Services sector, saw its stock decline by -33.91% over the past week, to a price of $18.22. Its market capitalization is $1,043,160,000. About the company: WMS Industries Inc. designs, manufactures, sells, and leases gaming machines and video lottery terminals.  The Company’s products are distributed throughout the United States and internationally.
  • Huntsman Corporation (NYSE:HUN): This company, which operates in the Basic Materials sector, saw its stock decline by -33.51% over the past week, to a price of $12.70. Its market capitalization is $3,056,808,000. About the company: Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman’s products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products.
  • SandRidge Energy Inc. (NYSE:SD): This company, which operates in the Energy sector, saw its stock decline by -32.38% over the past week, to a price of $7.79. Its market capitalization is $3,193,941,000. About the company: SandRidge Energy Inc. explores and produces natural gas and crude oil. The Company and its subsidiaries own and operate gas gathering and processing facilities and CO2 treating and transportation facilities. Sandridge energy conducts marketing and tertiary oil recovery operations.
  • Renren Inc (NYSE:RENN): This company, which operates in the Technology sector, saw its stock decline by -29.64% over the past week, to a price of $7.62. Its market capitalization is $2,986,505,000. About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.
  • Valeant Pharmaceuticals Int (NYSE:VRX): This company, which operates in the Healthcare sector, saw its stock decline by -29.29% over the past week, to a price of $38.91. Its market capitalization is $11,444,470,000. About the company: Valeant Pharmaceuticals International, Inc. develops and distributes drugs. The Company develops drugs for unmet medical needs in central nervous system disorders; and distributes generic and branded generic drugs in Latin America and Eastern Europe.
  • InterMune, Inc. (NASDAQ:ITMN): This company, which operates in the Healthcare sector, saw its stock decline by -29.24% over the past week, to a price of $23.62. Its market capitalization is $1,397,995,000. About the company: InterMune, Inc. is a biopharmaceutical company. The Company develops therapies for hepatology and pulmonology, including treatments for severe, malignant osteopetrosis and chronic granulomatous disease.
  • Veolia Environnement (ADR) (NYSE:VE): This company, which operates in the Services sector, saw its stock decline by -28.58% over the past week, to a price of $15.85. Its market capitalization is $8,101,485,190. About the company: Veolia Environnement operates utility and public transportation businesses. The Company supplies drinking water, provides waste management services, manages and maintains heating and air conditioning systems, and operates rail and road passenger transportation systems.
  • Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA): This company, which operates in the Healthcare sector, saw its stock decline by -27.75% over the past week, to a price of $8.59. Its market capitalization is $1,133,828,000. About the company: ARIAD Pharmaceuticals, Inc. discovers, develops, and commercializes small-molecule drugs to treat aggressive cancers. The Company’s first product candidate is an investigational mTOR inhibitor. ARIAD’s second product candidate is an investigational pan BCR-ABL inhibitor for treatment of blood cancers.
  • Western Refining, Inc. (NYSE:WNR): This company, which operates in the Energy sector, saw its stock decline by -27.41% over the past week, to a price of $14.83. Its market capitalization is $1,346,817,000. About the company: Western Refining, Inc., through a subsidiary, refines crude oil and markets petroleum products. The subsidiary primarily produces gasoline, diesel, and jet fuel. The products are marketed in Arizona, New Mexico and Texas in the United States, and Juarez, Mexico.
  • Freescale Semiconductor Holdings I, Ltd. (NYSE:FSL): This company, which operates in the Technology sector, saw its stock decline by -27.37% over the past week, to a price of $11.86. Its market capitalization is $2,911,470,000. About the company: Freescale Semiconductor Holdings, I, Ltd is an embedded processing semiconductors and solutions provider.  Freescale’s product portfolio falls into three primary groupings: Microcontroller Solutions, Networking and Multimedia, and Radio Frequency, Analog and Sensor.  The Company sells its products directly to original equipment manufacturers, distributors, original design manufacturers, and contract manufacturers through its global direct sales force.
  • VirnetX Holding Corporation (AMEX:VHC): This company, which operates in the Technology sector, saw its stock decline by -27.13% over the past week, to a price of $22.16. Its market capitalization is $1,101,413,000. About the company: Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.
  • McDermott International (NYSE:MDR): This company, which operates in the Energy sector, saw its stock decline by -26.47% over the past week, to a price of $14.83. Its market capitalization is $3,480,820,000. About the company: McDermott International, Inc. is a worldwide energy services company. The Company and its subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the U.S. Department of Energy.
  • Kronos Worldwide, Inc. (NYSE:KRO): This company, which operates in the Basic Materials sector, saw its stock decline by -26.07% over the past week, to a price of $22.89. Its market capitalization is $2,652,999,000. About the company: Kronos Worldwide, Inc. produces titanium dioxide pigments. The Company’s products are used to whiten, brighten, and add opacity to thousands of commonly used products, such as paints, plastics, inks, and cosmetics.
  • MEMC Electronic Materials, Inc. (NYSE:WFR): This company, which operates in the Technology sector, saw its stock decline by -25.34% over the past week, to a price of $5.54. Its market capitalization is $1,276,488,000. About the company: MEMC Electronic Materials, Inc. produces silicon wafers. The Company’s products are used in computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. MEMC operates manufacturing facilities in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States.
  • Direxion Daily Finan. Bull 3X Shs ETF (NYSE:FAS): This company, which operates in the Financial sector, saw its stock decline by -25.01% over the past week, to a price of $17.21. Its market capitalization is $1,416,290,000. About the company: Direxion Daily Financial Bull 3X Shares is an exchange-traded fund incorporated in the USA. The Fund’s objective is daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Financial Services Index (“Financial Index”). The Fund invests in at least 80% of its net assets in the equity securities that comprise the Financial Index.
  • AK Steel Holding Corporation (NYSE:AKS): This company, which operates in the Basic Materials sector, saw its stock decline by -24.94% over the past week, to a price of $9.12. Its market capitalization is $1,005,543,000. About the company: AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.
  • Patriot Coal Corporation (NYSE:PCX): This company, which operates in the Energy sector, saw its stock decline by -24.91% over the past week, to a price of $14.20. Its market capitalization is $1,296,320,000. About the company: Patriot Coal Corporation is a coal mining company. The Company operates in Central and Northern Appalachia and the Illinois Basin.
  • Human Genome Sciences (NASDAQ:HGSI): This company, which operates in the Healthcare sector, saw its stock decline by -24.75% over the past week, to a price of $15.81. Its market capitalization is $3,014,477,000. About the company: Human Genome Sciences, Inc. researches and develops proprietary pharmaceutical and diagnostic products. The Company’s products predict, prevent, detect, treat, and cure disease based on the discovery of human and microbial genes.
  • NXP Semiconductors NV (NASDAQ:NXPI): This company, which operates in the Technology sector, saw its stock decline by -24.57% over the past week, to a price of $14.92. Its market capitalization is $3,741,212,000. About the company: NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. Kaslion’s offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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