Although the broad equity markets capped the longest stretch of daily gains since 2004, these companies went the opposite direction and ended Friday in red.
Northfield Bancorp Inc (NASDAQ:NFBK) was the biggest loser on Wall Street after the bank released results for the fourth-quarter and year ended December 31, 2012. The stock tumbled 26.79% or $4.19 to suffer new low of $11.14..[article_detail_ad_1]
Zion Oil & Gas, Inc. (NASDAQ:ZN) plunged 25.16% to hit an all-time low of $1.03 after the company unveiled a plan not to not pursue exploration in Elijah #3 re-entry well.
Select Comfort Corp. (NASDAQ:SCSS) lost $5.04 or 7.87% on EPS and revenue miss.
BG Medicine, Inc. (NASDAQ:BGMD) fell 4.92% after pricing public offering at $2.00 per share.
Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) declined 3.48% on worries that plans to provide discounted plane tickets will cut earnings.
8×8, Inc. (NASDAQ:EGHT) traded 10.83% lower after results.
Anthera Pharmaceuticals Inc (NASDAQ:ANTH) saw a drop of 10.51% after pricing public offering.
Ship Finance International Limited (NYSE:SFL) reported a fall after increasing the size of the public offering of debt.
MGIC Investment Corp. (NYSE:MTG) retreated 5.57% after Macquarie Group Ltd. suggested shareholders to sell the stock on the outlook that claims costs and legal expenses will drain assets.
Some other noteworthy decliners, PositiveID Corporation (OTC:PSID), Keryx Biopharmaceuticals (NASDAQ:KERX), Seven Arts Entertainment Inc (PINK:SAPX), Hancock Holding Company (NASDAQ:HBHC) and KKR Financial Holdings LLC (NYSE:KFN) all lost more than 4.4% on Friday.
Surprisingly, almost all gold stocks including Barrick Gold Corporation (USA) (NYSE:ABX), Eldorado Gold Corp (USA) (NYSE:EGO), New Gold Inc. (USA) (NYSEAMEX:NGD), AuRico Gold Inc (USA) (NYSE:AUQ), Kinross Gold Corporation (USA) (NYSE:KGC), IAMGOLD Corporation (USA) (NYSE:IAG), Yamana Gold Inc. (USA) (NYSE:AUY), Goldcorp Inc. (USA) (NYSE:GG) and Newmont Mining Corp (NYSE:NEM) were in red after gold declined to its lowest level in nearly two weeks on Friday.
The same was the case with silver stocks including Endeavour Silver Corp. (CAN) (NYSE:EXK), Hecla Mining Company (NYSE:HL) and Pan American Silver Corp. (USA) (NASDAQ:PAAS) as silver was on track for a loss of about 1.8% for the week.
In other corporate news, Flextronics International Ltd. (NASDAQ:FLEX) fell 4.17% on lower outlook.
Hasbro, Inc. (NASDAQ:HAS) faced a decline of 2.96% after earnings miss.
Yum! Brands, Inc. (NYSE:YUM) snapped three-day gaining streak after The Shanghai Food and Drug Administration warned the company to increase supplier oversight and testing of its food products.
Mattel, Inc. (NASDAQ:MAT) turned red on its defeat against MGA Entertainment Inc.
Cypress Semiconductor Corporation (NASDAQ:CY) was down analysts at Wunderlich Securities lowered their rating on the stock from Buy to Hold, and cut its PT from $12.00 to $10.00.
Weyerhaeuser Company (NYSE:WY) moved 1.75% down on disappointed results from Lumber Unit.
Alpha Natural Resources, Inc. (NYSE:ANR) continued to move down despite an upgrade to buy from hold Dahlman Rose.
Turning to high-volume stock, Research In Motion Limited (USA) (NASDAQ:RIMM), Vale SA (ADR) (NYSE:VALE), Nokia Corporation (ADR) (NYSE:NOK), Abbott Laboratories (NYSE:ABT), The Coca-Cola Company (NYSE:KO), Sprint Nextel Corporation (NYSE:S) and Ford Motor Company (NYSE:F) all closed in negative territory.