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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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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

 

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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