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 Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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!