Here Is Why These Five Stocks Are Among Today’s Biggest Losers

Rent-A-Center Under Pressure

Shares of Rent-A-Center Inc (NASDAQ:RCII) have plunged by more than 17%, after the company’s second quarter results missed Wall Street’s expectations. The company reported a profit of $9.9 million or $0.41 per share when adjusted for non-recurring costs, missing analysts’ consensus of $0.50 per share. Revenue came in at $749.6 million and also fell short of analysts’ expectations of $786.2 million. So far this year, the stock has been trending sideways and is currently down by roughly 25% since January. Hedge fund interest in Rent-A-Center Inc (NASDAQ:RCII) took a tumble during the first three months of 2016, as the number of long positions dropped to 21 or 2.7% of the funds we follow.

Negative Outlook at Blucora

Blucora Inc (NASDAQ:BCOR) is down by more than 20%, despite posting a 99% increase in operating income for the second quarter. The company reported a 7% increase in revenue to $120.1 million and earnings of $0.55 per share. Analysts, on the other hand, were looking for earnings of $0.52 per share on the back of $123 million in revenue. For the current quarter, Blucora Inc (NASDAQ:BCOR) has estimated a loss between $0.30 and $0.36 per share and revenue of $77 million to $81 million. At the end of March, roughly 17% of Blucora Inc (NASDAQ:BCOR)’s common stock was held by 14 investors from our database, unchanged over the quarter.

Infinera Registers Weak Demand

Warnings about softening demand in the third quarter have pushed Infinera Corp. (NASDAQ:INFN) shares down by more than 33% so far today. CEO Tim Fallon said there are “concerning signs of slowing demand in the primary markets [Infinera] serves.” The company reported second-quarter results yesterday after the closing bell, topping analysts’ estimates. Infinera Corp. (NASDAQ:INFN) registered adjusted earnings of $0.22 per share and revenue of $258.8 million, surpassing forecasts of $256 million in revenue and earnings of $0.18 per share. Following the report, analysts at JPMorgan cut their rating to ‘Neutral’ from ‘Overweight’ and reduced their price target to $8.50 per share from the previous target of $19 per share. Infinera Corp. (NASDAQ:INFN) lost some of its appeal in the eyes of funds tracked by our team, as the number of long bets decreased to 25 at the end of March, from 29 registered at the end of December.

Disclosure: none.