Pandora Media’s 10% Drop Leads These 3 NYSE Top Percentage Losers
LDK Solar Co. Inc. (NYSE:LDK): Bad news has come for Chinese companies hoping to compete in the green market. Major Chinese solar vendors are continuing to struggle with U.S. tariffs and the industry’s pricing and oversupply issues, and though the Chinese government is “likely to adjust the entire supply chain,” if the problem persists, according to Digitimes, other governments would not be so pleased. LDK Solar has been hit hard by the news and saw its shares dip 19.2% to $1.81. They have traded in a 52-week range of $2.24 to $7.75.
Pandora Media, Inc. (NYSE:P): Somebody opened Pandora’s box, and now competitors are afoot. The company is dividing in early trading, and possible rivals include Samsung’s Music Hub service that accompanied its European launch of the Galaxy S III. This seems unlikely, however, as Music Hub appears to be a more direct rival of Spotify and Google Music. Regardless, Pandora has been hit, and its shares dropped 10.18% to $10.59. They have traded in a 52-week range of $7.83 to $26.00.
Talbots, Inc. (NYSE:TLB): A poor buyout deal has hurt Talbots stock recently, though the firm’s improvement in FQ1 profits does help. Shares of Talbots now trade at multi-year lows, and they fell 9.93% to close at $1.36o on the day. They have traded in a 52-week range of $1.46 to $10.40.
VeriFone Systems, Inc. (NYSE:PAY): VeriFone recently verified its cash flow situation with its investors, and things aren’t looking good. The company said it raised its net cash provided by operating activities to $62.9M to reflect investments made in payment terminals, taxicab systems, gas pump systems, and other equipment. Shares fell 6.28% and closed at $35.64, and they have traded in a 52-week range of $30.25 to $55.89.
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