Investing
The Week's Largest Stock Market Losers: GameStop Corp, Monster Worldwide Inc, And Capital One Financial Corp
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The S&P 500 stocks which lost the most were mostly from the tech sector. Microchip Technology Inc (NASDAQ: MCHP) was down almost 16%. The company cut it earnings guidance which was done to some extent because of the impact of the Japanese earthquake. Novellus Systems Inc. (NASDAQ: NVLS) dropped over 12% because it warned about 2011 results.
Citrix Systems Inc. (NASDAQ: CTXS) fell 10% after it announced it would buy Cloud.com. Analog Devices Inc (NASDAQ: ADI) fell 9% as other shares in its sector were punished by poor results
| S&P 500 WEEK: BOTTOM 10
(08 JUL – 14 JUL) |
Ticker | Weekly Price Change (%) | Close Price 14Jul11 | Close Price 8Jul11 | Market Cap ($Mil) |
| Microchip Technology Inc | MCHP |
-15.5 |
32.01 |
37.87 |
6097.3 |
| Novellus Systems Inc. | NVLS |
-12.2 |
31.58 |
35.97 |
2820.3 |
| GameStop Corp. | GME |
-11.2 |
23.83 |
26.85 |
3370.6 |
| Citrix Systems Inc. | CTXS |
-10.3 |
74.40 |
82.98 |
13986.8 |
| Monster Worldwide Inc. | MWW |
-10.3 |
13.14 |
14.65 |
1699.3 |
| CB Richard Ellis Group Inc | CBG |
-9.8 |
22.80 |
25.28 |
7409.7 |
| Janus Capital Group Inc | JNS |
-9.5 |
8.90 |
9.83 |
1657.2 |
| Analog Devices Inc. | ADI |
-9.4 |
35.89 |
39.62 |
10753.9 |
| Autodesk Inc. | ADSK |
-9.4 |
36.35 |
40.12 |
8395.2 |
| Capital One Financial Corp. | COF |
-9.2 |
48.75 |
53.71 |
22393.0 |
| Source: Capital IQ |
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