Amarin Corporation plc (ADR) (AMRN), Ariad Pharmaceuticals, Inc. (ARIA): 5 Stocks That Fell Every Day Last Week

Page 1 of 2

Amarin Corporation plc (ADR) (NASDAQ:AMRN)

Some stocks take a pounding, but there’s usually what they call a dead-cat bounce. Even if a stock’s inevitable path is to head lower, there’s usually a respite in the downticks.

It doesn’t always pan out that way.

Last week was rather uneventful for the market. The Dow 30, Nasdaq, and S&P 500 all closed lower, but none of the market gauges shed more than 0.2% of their value.

Some stocks weren’t that lucky. More than a few actively traded companies fell every single trading day last week, and more often than not it happened without any material news. Investors just decided to move on, and the small daily downticks added up to double-digit percentage share-price declines.

Let’s take a closer look at five of the companies that saw their share prices drop in each of this past week’s five trading days.

Company Mar. 22 Weekly Loss
JDS Uniphase Corp (NASDAQ:JDSU) $13.47 (12%)
Nabors Industries Ltd. (NYSE:NBR) $15.41 (11%)
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) $19.38 (11%)
Dendreon Corporation (NASDAQ:DNDN) $4.89 (10%)
Amarin Corporation plc (ADR) (NASDAQ:AMRN) $7.63 (10%)

Source: Barron’s.

JDS Uniphase offered product updates during the Optical Fiber Communication Conference/National Fiber Optic Engineers Conference during the week. The optical networking specialist announced the availability of several new items. It wasn’t enough. Even though JDS Uniphase is still growing — analysts see marginal upticks in revenue and profitability for the fiscal year ending in June — investors were still set on rotating out of a company that had hit a fresh 52-week high last month.

Nabors Industries slipped despite an analyst upgrade. Zacks Equity Research is boosting its rating on Nabors from underperform to neutral, encouraged in part by the onshore contractor’s recent decision to start paying quarterly dividends. Then again, it’s not as if a hold rating is something to scrapbook.

Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) had good news on Friday, as the European equivalent of the FDA approved the company’s chronic myeloid leukemia (CML) drug Iclusig. One can argue that the market was already banking on approval, but is that any excuse for Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) to close lower every single day last week?

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!