Bankrate DIVES 6.8% with These 2 NYSE Top Percentage Losers
Chimera Investment Corporation (NYSE:CIM): Shares have seen a sharp decline after the company declared a dividend of $0.09 per share, a cut from the dividend of $0.11 in Q1. This marks the second dividend cut in three quarters, and is certainly not helping market sentiment considering Chimera recently fired its auditor and is also behind on its statutory filings. The shares closed at $2.74, down $0.17, or 5.84 percent. They have traded in a 52-week range of $2.38 to $3.62.
Penn Virginia Corporation (NYSE:PVA): Shares lost ground after CapitalOne downgraded the stock to a ‘Neutral’ rating following a Q1 loss, even though many analysts had expected worse and the company beat revenue estimates due to its Eagle Ford shale play which enabled a strategic shift to oil and natural gas liquids. The shares closed at $6.84, down $0.37, or 5.13 percent. They have traded in a 52-week range of $3.92 to $15.39.
Bankrate, Inc. (NYSE:RATE): The shares closed at $18.70, down $1.38, or 6.87 percent. They have traded in a 52-week range of $13.38 to $25.95.
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