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 Р2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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 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

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

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!