Dendreon is another biotech that slumped on the week. The company kicked off the week by announcing that it had agreed to settle a securities class action lawsuit. It also presented at the 25th Annual ROTH Conference in California. These are typically events that push a stock higher. Settling complaints stemming from accusations that company executives made misleading statements a couple of years ago eliminates the uncertainty of the lawsuit’s financial obligations. Presenting at an analyst conference gives a company the opportunity to shine as it presents its bullish scenario. However, those events weren’t enough to keep sellers from moving on.
Finally, we have Amarin Corporation plc (ADR) (NASDAQ:AMRN) losing weight. The pharmaceutical stock got panned by Jim Cramer on Mad Money. “We’re going to veto it,” Cramer offered during Thursday’s Lightning Round segment. He compared it to the New York Mets without R.A. Dickey, the Cy Young winner that the team inexplicably traded late last year.
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The article 5 Stocks That Fell Every Day Last Week originally appeared on Fool.com.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool owns shares of Dendreon.
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