American equities dropped on Tuesday, losing ground from last week’s rally on the “fiscal cliff” agreement in Washington, as companies started to release results for the fourth quarter.
Fusion-IO, Inc. (NYSE:FIO) lost $2 yesterday and appeared in the biggest decliners list after William Blair analyst Jason Ader lowered his rating on the stock from outperform to market perform or neutral, citing lower-than-projected bookings this year.[article_detail_ad_1]
Triangle Petroleum Corporation (NYSEAMEX:TPLM) tumbled 8.61% amid an article published on Forbes claimed that the daily technical studies for this company are positive and also confirmed the recent breakout.
Cypress Semiconductor Corporation (NASDAQ:CY) retreated 8.42% after issuing lower fourth-quarter earnings forecast than analysts’ view.
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was hurt badly after reporting $2M fiscal 1Q loss on costs.
RadioShack Corporation (NYSE:RSH) declined a day after an article published on Seekingalpha claimed that promising markets may save the RadioShack brand, but they probably won’t be enough to save its American shareholders.
MGIC Investment Corp. (NYSE:MTG) plunged 7.4% after it released monthly operating statistics.
Molycorp Inc (NYSE:MCP) erased gains it saw after a Barron’s report and decreased 7.2% on Tuesday.
Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) fell after energy fears hit Brazil.
Universal Display Corporation (NASDAQ:PANL) moved down as traders weighed GuruFocus updates that claimed the stock (PANL) has declined the most since Ronald Muhlenkamp initiated holdings in the company during the quarter ended 09/30/2012.
Cincinnati Bell Inc. (NYSE:CBB) plunged 6.9% after CyrusOne declared terms for its IPO.
Sears Holdings Corporation (NASDAQ:SHLD) turned red yesterday as CEO’s departure lifted worries about turnaround.
GameStop Corp. (NYSE:GME) plunged after reporting 2012 holiday sales fall of 4.6 percent.
Arch Coal Inc (NYSE:ACI) closed in negative territory after Russ Lorince was named as vice president of external affairs for the company’s eastern region, effective Jan. 7.
Zynga Inc (NASDAQ:ZNGA) dropped as was said to be suffering from an inability to deliver the gangbusters growth.
Yum! Brands, Inc. (NYSE:YUM) was unable to find safe place as its China sales declined after former supplier probed.
More on the flip side were Nokia Corporation (ADR) (NYSE:NOK), Mechel OAO (ADR) (NYSE:MTL), Entegris, Inc. (NASDAQ:ENTG), Synovus Financial Corp. (NYSE:SNV) and ServiceNow Inc (NYSE:NOW). All these five stocks lost more than 4% yesterday.
On Tuesday, two noticeable OTC losers Cereplast, Inc. (PINK:CERP) and PositiveID Corporation (OTC:PSID) captured the attention of investors as both traded with an unusual volume.