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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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: EarningsNewsIntraday UpdateMoversApparel, Accessories & Luxury GoodsCommunications EquipmentConsumer DiscretionaryConsumer StaplesInformation TechnologyPackaged Foods & MeatsRestaurantsSemiconductors
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