The Week’s Largest Market Losers

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By Douglas A. McIntyre Updated Published
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S&P 500 WEEK: BOTTOM 10 (04FEB-10 FEB) Ticker Weekly Price Change (%) Close Price 10Feb11 Close Price 04Feb11 Market Cap($Mil)
Akamai Technologies Inc AKAM -14.9 40.75 47.88 7430.4
Cisco Systems Inc CSCO -14.2 18.92 22.05 104869.1
Computer Sciences Corp CSC -13.7 48.10 55.76 7430.7
NVIDIA Corp NVDA -11.1 22.82 25.67 13258.4
International Flavors & Fragrances Inc. IFF -7.0 54.80 58.91 4381.3
QEP Resources Inc QEP -6.0 37.85 40.28 6647.3
Sysco Corp SYY -5.9 28.10 29.85 16440.9
Southwestern Energy Co SWN -5.8 37.05 39.34 12848.3
Freeport-McMoran Copper & Gold Inc. FCX -5.5 53.62 56.76 50510.0
FMC Technologies Inc FTI -5.2 90.07 95.06 10782.4
Source: Capital IQ

 

The stocks which lost the largest percentage of their value this week where dominated by firms which produced poor earnings. Cisco (NASDAQ: CSCO) announced a forecast for the year ahead which was a deep disappointment to Wall St. Akamai (NASDAQ: AKAM) quarterly  numbers came in below expectations.

Computer Sciences (NYSE: CSC) lowers its forecast for the upcoming year. Nvidia (NASDAQ: NVDA) faces new competition in the tablet PC market from Qualcomm (NASDAQ: QCOM)

Doulas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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