Hot Losers (Penn West Petroleum Ltd, Barrick Gold Corporation, Celsion Corporation, Avago Technologies Ltd)
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Penn West Petroleum Ltd (USA) (NYSE
WE) shares dropped 6.45% to $8.70. The company, on Mar. 14, announced that it has filed with Canadian securities regulatory authorities its 2012 disclosure documents. Included in the Canadian filings were Penn West’s audited consolidated financial statements, related Management’s Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2012.
How Should Investors Trade PWE After The Recent Volatile Moves? Find Out Here
Barrick Gold Corporation (USA) (NYSE:ABX) shares declined 6.42% to $17.65. The company, on Feb. 14, announced that for fiscal 2013, it expects gold production to be 7.0-7.4 million ounces at all-in sustaining cash costs of $1,000-$1,100 per ounce and total cash costs of $610-$660 per ounce and copper production to be 480-540 million pounds.
Is ABX Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Celsion Corporation (NASDAQ:CLSN) shares fell 6.32% to $0.871. The company, on Mar. 18, announced financial results for the year ended December 31, 2012, and provided an update on its clinical trials of ThermoDox®, Celsion’s proprietary heat-activated liposomal encapsulation of doxorubicin.
For the year ended December 31, 2012, the company reported a net loss of $26.6 million, or $0.76 per share, compared to a net loss of $23.2 million, or $1.11 per share, in 2011. The Company ended 2012 with $23.1 million of total cash, investments and accrued interest on these investments.
Can CLSN Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Avago Technologies Ltd (NASDAQ:AVGO) shares decreased 6.29% to $32.40. The company, on April 11, announced the execution of a definitive agreement to acquire CyOptics, Inc., a leader in Indium Phosphide (InP) optical chip and component technologies for the data communications and telecommunications markets, for an aggregate acquisition price of approximately US$400 million in cash.
Can AVGO Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
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