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Linn Energy LLC (LINE), InterDigital, Inc. (IDCC): Five of Last Week’s Biggest Losers

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

$23.45 29%

$4.75 17%
InterDigital, Inc. (NASDAQ:IDCC)

$38.62 14%
American Capital Agency Corp.

$20.76 10%
Research In Motion Ltd (NASDAQ:BBRY)
$9.55 9%

Source: Barron’s.

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.

KiOR Inc (NASDAQ:KIOR) slipped after the renewable-fuel company revealed that it made its first shipment of cellulosic gasoline and diesel. This is naturally welcome news, but it’s easy to see the “sell on the news” adage playing itself out for the volatile stock.
InterDigital, Inc. (NASDAQ:IDCC) fell earlier in the week after coming up short in a patent battle. A judge overseeing InterDigital, Inc. (NASDAQ:IDCC)’s case against several smartphone manufacturers validated the company’s patents but found that the companies didn’t infringe on the intellectual property. The final decision will be made in October, but it doesn’t bode well for a company that can’t afford to come up short in its bread-and-butter patent litigation.
American Capital Agency Corp. (NASDAQ:AGNC) slipped along with most mortgage-backed REITs. With signs of an improving economy pushing mortgage rates higher, there are fears over the Federal Reserve’s eventual tapering of its monthly purchases of income securities. Quantitative easing was keeping rates low, boosting the net interest margin of leveraged mortgage REITs.

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
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 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 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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