Investing

The Week's Biggest Market Losers (MHS, TIF, NDAQ)

S&P 500 WEEK: BOTTOM 10 (11 FEB – 17 MAR) Ticker Weekly Price Change (%) Close Price 17Mar11 Close Price 11Mar11 Market Cap($Mil)
Medco Health Solutions Inc. MHS -11.3 54.68 63.59 22115.7
Entergy Corp. ETR -11.2 65.47 72.25 11721.6
Tiffany & Co. TIF -10.3 56.67 62.59 7163.1
Nasdaq OMX Group Inc (The) NDAQ -9.6 24.58 28.02 4330.7
Coach Inc. COH -9.3 50.84 54.93 15037.1
AFLAC Inc AFL -9.2 50.45 57.42 23721.9
Yahoo Inc YHOO -9.0 15.86 17.08 20767.3
Hartford Financial Services Group Inc. (The) HIG -8.7 25.19 28.61 11202.9
Jabil Circuit Inc JBL -8.2 18.80 21.79 4095.7
Adobe Systems Inc ADBE -8.0 31.84 35.27 16112.1

Source:Capital IQ

Medco Health Solutions (NYSE: MHS) fell after it disclosed that CALpers would not renew its contract. Medco may have acted improperly in the way that it secured its current agreement with the pension fund.

Entergy (NYSE: ETR) is one of the largest providers of nuclear power in the United States

Tiffany (NYSE: TIF) relies on Asia for a large portion of its sales and its is expected that its Japanese business will crater.

Nasdaq OMX Group (NASDAQ: NDAQ) fell due to concerns it will make an expensive bid for rival NYSE: Euronext (NYSE: NYX)

Yahoo! (NASDAQ: YHOO) dropped due to fears that it may no longer be able to sell its part of a joint venture in Japan.

Douglas A. McIntyre

 

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