Why Are These Four Stocks Plunging Today?

Atwood Oceanics, Inc. (NYSE:ATW) is another company that is losing a lot of ground today. This time around, investors are selling because analysts at Iberia Capital lowered their price target on the stock to just $12 per share from $20, while analysts at Susquehanna trimmed their target price on the stock to $8 from $10.

Atwood Oceanics, Inc. (NYSE:ATW) also lost popularity among the investors that we track in the third quarter. 22 funds held shares of the company on September 30, down by three funds over the quarter, while they amassed 14.6% of the float. Among them, Israel Englander‘s Millennium Management was the largest shareholder, reporting ownership of 2.63 million shares in its latest 13F filing.

Finally, also among the big losers today is Trina Solar Limited (ADR) (NYSE:TSL). With no specific news at fault, the stock has plummeted by 7% and is now down by 18.5% on a year-to-date basis. During the third-quarter, Trina Solar Limited (ADR) (NYSE:TSL) also registered a decrease in popularity among the funds that we track, with 16 investors holding long positions at the end of September, versus 24 funds at the end of June. Kenneth Tropin‘s Graham Capital Management was the largest shareholder among those, holding 23.95 million shares valued at $21.31 million at the end of September.

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