10 Biggest Losers in the Stock Market From Monday

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The stock market is soaring Monday after Pfizer announced a 90% success rate of their coronavirus trial. Unfortunately, this news also had a negative impact on stay-at-home stocks.

© TheStreet 10 Biggest Losers in the Stock Market From Monday

Here are the worst stocks by percentage decrease during trading Monday.

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1. Biogen Inc. | -28.17% | Price $236.26

Shares of Biogen plunged on Monday after a Food and Drug Administration advisory panel voted against approving the company’s highly anticipated experimental Alzheimer’s disease drug.

2. Quidel Cp | -28.15% | Price $203.66

Jim Cramer said on Thursday to his Mad Money viewers that Quidel is among the smaller testing providers and is a wild trader, but could be considered once the stock calms down.

3. Wayfair Inc. | -21.85% | Price $235.33

Wayfair, the online home-decor store posted earnings and sales last week that beat analysts’ forecasts as the pandemic and work-from-home movement spurred consumers to buy goods for their houses.

The Boston-based company said it earned $173.2 million, or $2.30 a share, in the third quarter, vs. a loss of $272 million, or $2.23 a share, in the year-earlier quarter. The per-share earnings number came in well above analysts’ forecasts of 82 cents a share.

4. Peloton Interactive Inc. | -20.29% | Price $100.01

In October, Peloton Interactive was sued by Icon Health & Fitness, the maker of the NordicTrack bike, for patent infringement, the latest salvo in the ongoing legal battle between the two companies.

Icon filed a lawsuit in a Delaware district court based on two features that Peloton added to an exercise bike released in September, Bloomberg reported: a swiveling touchscreen and the ability for the bike to automatically change resistance levels during classes.

5. Fiverr International Ltd. | -18.48% | Price $154.07

Late October, Fiverr International Ltd. , a marketplace for freelance services, reported third-quarter revenue that rose 88%.

GAAP net loss in the third quarter of 2020 was ($0.5) million, or ($0.01) net loss per share, compared to a net loss of ($8.4) million, or ($0.26) net loss per share, in the third quarter of 2019.

6. Zoom Video Communications | -17.37% | Price $413.24

Zoom Video Communications shares extended declines Monday after the Federal Trade Commission said it will require the online meeting group to enhance its security privacy features.

In a settlement the FTC reached with the San Jose-California tech group linked to privacy complaints from users whose information was collected during recorded conferences, the FTC said it will require Zoom to “implement a robust information security program” as well as a “prohibition on privacy and security misrepresentations.”

7. Etsy Inc. | -17.15% | Price $121.20

Etsy earned 70 cents a share in its third-quarter earnings, compared with the consensus analyst estimate of 57 cents according to FactSet.

Etsy reported revenue more than doubled to $451.5 million from $197.9 million. Analysts were expecting $412 million.

8. Docusign Inc. | -14.71% | Price $197.60

In September, shares of digital notary DocuSign dropped in premarket trading following the company’s strong results in the second quarter and a mostly bullish reaction from the analyst community.

Analysts at Wedbush maintained their outperform rating while increasing the stock’s price target to $270 share from $240.

Analysts at Morgan Stanley raised DocuSign’s price target to $260 from $187 due to the company’s “highly strategic positioning in the current environment.” The firm maintained its equal-weight rating as it looks for a more attractive entry point.

9. Shopify | -13.63% | Price $902.60

Shopify blew out its quarterly earnings after seeing a demand in e-commerce sales. Cramer said to wait to buy Shopify after its stellar report. Could now be a time to buy after it fell Monday?

10. ROKU | -12.41% | Price $221.91

Roku surprised analysts after it beat estimates during its third-quarter report. Roku CFO discussed its strong hardware and video growth following the report.

Here’s what Wall Street was saying about Roku following its report.

This article was originally published by TheStreet.

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