Negative Trending Stocks: CARBO Ceramics Inc. (CRR), VASCO Data Security International Inc. (VDSI), And Weight Watchers International Inc. (WTW)
New York, NY – GDP INSIDER – 01/07/2014.
The price distress in the oil industry continues to take its toll on more oil-exposed stocks such as CARBO Ceramics Inc. (NYSE:CRR). The supplier of synthetic ceramic proppant to the oil fracking sector has recently witnessed a decline in the sale of its materials. Investors appear worried that the continued drop in oil prices and cut in spending by oil companies could further hurt sale in the company.
One of the reasons CARBO Ceramics Inc. (NYSE:CRR) noted a decline in the sale of its fracking materials was that oil companies were turning to sand instead of synthetic ceramic proppant. That development can be linked to the cost issues during these trying moments in the industry.
VASCO Data Security International, Inc. (NASDAQ:VDSI) witnessed a massive sell-off in its shares, a development whose cause was not immediately clear. The company recently launched two authenticators that are designed for use in high-security environments such as e-commerce and Internet banking. The authenticators support multiple mobile platforms such as Windows Phone, Android and iOS. The launched of the two new authenticators not only adds to the company’s family of transaction security solutions, but also expands its offering in fast-growing mobile transaction.
Investors appear to be increasingly getting worried about the future of Weight Watchers International, Inc. (NYSE:WTW). One of the major concerns is the ability of the weight management provider to correct its nearly two-year slump. There are also concerns over increasing competition in the weight management sector such that the company is expected to witness a 4.2% further decline in revenue this year.
Sales at Weight Watchers International, Inc. (NYSE:WTW) have been on a decline over the past seven consecutive quarters, and there seems to be no hope for improvement in the column. Even attempts by the company to rebrand appear to be falling apart. It recently launched a rebranded magazine to try and wow customers and investors, but the stock has only continued to fall.
According to Zacks, earnings estimates on the stock have remained flat in the past few weeks while the consensus estimate has remained unmoved during the same period, a trend that is not very good.
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