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||July 5||Weekly Loss|
Linn Energy LLC (NASDAQ:LINE)
KiOR Inc (NASDAQ:KIOR)
InterDigital, Inc. (NASDAQ:IDCC)
American Capital Agency Corp.
Research In Motion Ltd (NASDAQ:BBRY)
Let’s start with Linn Energy LLC (NASDAQ:LINE). Units of the energy specialist fell after the SEC launched an inquiry into Linn Energy LLC (NASDAQ:LINE)’s accounting, its hedging practices, and its pending acquisition of Berry Petroleum.
An inquiry isn’t fatal. Linn Energy LLC (NASDAQ:LINE)’s annualized yield of 10.9% after the past week’s 29% slide will make it pretty attractive to income investors if the inquiry turns up clean. However, there’s no saying how far the units will continue to tumble if there’s fire behind the smoke.
Finally, we have Research In Motion Ltd (NASDAQ:BBRY) continuing to fall after a horrific quarterly report a week earlier. The real shocker in the report was the shipment of a mere 2.7 million handsets running the smartphone pioneer’s updated mobile operating system. This was supposed to be the platform that made Research In Motion Ltd (NASDAQ:BBRY) a contender again.
Ready for a bounce
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The article 5 of Last Week’s Biggest Losers originally appeared on Fool.com is written by Rick Munarriz.
Longtime Fool contributor Rick Munarriz and The Motley Fool have no position in any of the stocks mentioned.
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