Dyax Corp. (DYAX), Mellanox Technologies, Ltd. (MLNX), Safeway Inc. (SWY) & Five of Last Week’s Biggest Losers

Dyax Corp. (NASDAQ:DYAX)There’s never a shortage of losers in the stock market. Let’s take a closer look at five of this past week’s biggest sinkers.

Company April 26 Weekly Loss
Dyax Corp. (NASDAQ:DYAX) $2.69 37%
Whiting USA Trust (NYSE:WHX) $6.74 16%
Mellanox Technologies, Ltd. (NASDAQ:MLNX) $52.08 13%
Safeway Inc. (NYSE:SWY) $23.31 12%
Key Energy Services, Inc. (NYSE:KEG) $5.90 11%

Source: Barron’s.

Let’s start with Dyax Corp. (NASDAQ:DYAX). The small drugmaker shed more than a third of its value after posting disappointing quarterly results. Dyax Corp. (NASDAQ:DYAX)’s revenue of $12 million fell well short of the $16 million Wall Street was expecting, and it didn’t help that its deficit was twice as large as projected. However, this is ultimately a problematic snapshot for how its flagship drug, Kalbitor, is faring in the market.

Whiting USA Trust (NYSE:WHX) slipped after a Seeking Alpha article suggested that the oil and gas royalty trust could lose half of its value. The article pegged a fair value of $3.50 on the trust units. Whiting USA Trust (NYSE:WHX) issued a press release the next day, pointing out that the New York Stock Exchange contacted the trust given the unusual market activity, but Whiting’s policy is to not comment on the activity.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) slipped after Needham & Co. downgraded it following results that actually beat Wall Street estimates. Needham, in marking down the shares from “buy” to “hold,” is concerned about Mellanox Technologies, Ltd. (NASDAQ:MLNX)’s lumpy business model and the lack of clarity. Mizuho Securities also downgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX).

Safeway Inc. (NYSE:SWY) investors hit the register after the supermarket chain posted disappointing quarterly results. There wasn’t much of a bottom-line miss, and comps were at least positive, but the stock hit a four-year high ahead of the results. Expectations ran too high, and the grocer still trades nearly 30% higher in 2013.

Finally we have Key Energy Services, Inc. (NYSE:KEG) moving lower. The country’s largest onshore, rig-based well servicing contractor fell short of Wall Street’s profit targets in its latest quarter. Key Energy Services, Inc. (NYSE:KEG) had beaten analysts’ bottom-line estimates with ease in previous quarters, but it proved mortal this time, as demand weakened despite record oil production.

Ready for a bounce
If you owned some of these losers, how about following the smart money into winners?

The article 5 of Last Week’s Biggest Losers originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz and The Motley Fool have no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!