Why Investors Are Selling These 5 Stocks Today

Packaging Corp Of America (NYSE:PKG)’s shares are down by around 12% today after analysts at Citigroup downgraded the company to ‘Neutral’ from ‘Buy’, while analysts at Macquarie did the same, to ‘Underperfom’ from ‘Neutral’. Among the funds we follow, 19 reported long positions in Packaging Corp Of America (NYSE:PKG) as of the end of September, down by 13 funds from a quarter earlier.

Genesis Healthcare Inc (NYSE:GEN) is another company that is losing ground today, down by nearly 30%. Investors are selling after the company announced updated 2015 guidance as well as preliminary 2016 guidance. The company now expects revenue in the range of $5.63 billion to $5.66 billion, adjusted EBITDA of between $246 million and $252 million and EPS of $0.21-to-$0.23 for the 12 months ended December 2015.  The company’s full year 2016 guidance was set to $5.7 billion-to-$5.8 billion for adjusted net revenue, $267 million-to-$297 million for non-GAAP EBITDA, and $0.19-to-$0.29 for non-GAAP EPS.

During the third quarter, Genesis Healthcare Inc (NYSE:GEN) also registered a decrease in popularity among the funds that we track, with 12 investors holding long positions at the end of September, down from 14 funds at the end of June.

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