In general, mining companies have faced high production costs and pressures from stalling gold and silver prices. Allied Nevada’s 11% drop yesterday alone reflected further declines in precious metals. Until those prices reverse course, Allied Nevada will have trouble bouncing back.
Millennial Media, Inc. (NYSE:MM) — down 51%
Millennial Media, Inc. (NYSE:MM)‘s big drop came in February after it announced earnings that fell well short of expectations. The mobile advertising company said that its strategic decision to focus on large clients and leave smaller prospects unpursued led to sales shortfalls during the first quarter.
Mobile advertising’s effectiveness still hasn’t been proven, so investors should see Millennial Media’s growing pains as a normal part of a cutting-edge business. If the company can stay on top of current trends and continue working hard to innovate in mobile, then Millennial has plenty of potential to keep growing.
The article 4 Stocks That Have Gotten Cut in Half in 2013 originally appeared on Fool.com and is written by Dan Caplinger.
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