Why Are These Stocks Suffering Huge Losses? Discovery Communications Inc.(NASDAQ:DISCA), Nanosphere, Inc.(NASDAQ:NSPH), and Quicksilver Resources Inc(NYSE:KWK)
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Discovery Communications Inc.(NASDAQ:DISCA) lost over 50% of its value during yesterday’s trading, falling $42.04 to finish the day at a closing price of $40.97. The decrease moves the Maryland-based global mass media company below the $41 mark for the first time since the stock closed at $40.98 on Jan. 4th, 2012. Stocks of Discovery Communications fell with the news report that insider David Leavy had sold 7,860 shares of the company. The stock has lost an additional twelve cents in after-hours trading.
Nanosphere, Inc.(NASDAQ:NSPH) also suffered a substantial decrease in value during yesterday’s trading, losing $0.47 to close at $0.95. The mark represents a new 52 week low for the stock that once closed for as much as $2.81 on Jan. 16th, 2014. After the markets closed on Wednesday, the Illinois-based molecular diagnostic tests provider revealed its second quarter financial results, which brought about yesterday’s decrease in value. The stock has also lost an additional two cents in after-hours trading.
Quicksilver Resources Inc(NYSE:KWK) fell sixteen cents to finish yesterday’s trading at a closing price of $1.41, a mark which represents a 10.19% decrease in value from the previous closing price. The Texas-based oil and gas exploration company’s new value represents a 52 week low for the stock that once closed for as much as $3.58 on Feb. 20th, 2014. On Wednesday, Quicksilver Resources was downgraded from Accumulate to Neutral by Global Hunter Securities. The stock has also lost an additional cent in after-hours trading.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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