Among the biggest losing stocks during Tuesday's trading session are Marvell Technology MRVL, Green Mountain Coffee Roasters GMCR, JDS Uniphase JDSU and Fossil FOSL.
Marvell (MRVL) has been trending lower throughout the day after opening near the flatline. The stock has lost 4.35% to $18.91. There does not appear to be any significant news driving the activity.
Green Mountain Coffee Roasters (GMCR) has lost 6.70% to $43.24. Yesterday, GMCR spiked more than 7% on rumors about a potential Starbucks SBUX partnership. It looks like the market is reconsidering the likelihood of this happening on Tuesday.
JDS Uniphase (JDSU) has been hit by a bout of profit taking, and is down 8.35% to $25.56. The stock, however, is up an unbelievable 76% in 2011.
Fossil (FOSL) released quarterly earnings results prior to the opening bell on Tuesday. The company reported earnings per share of $1.46 compared to analysts' estimates of $1.35. Revenues were up 32.8% year over year. Despite the seemingly strong results, however, FOSL has lost 7.32% to $77.40.
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