Gigamon stock (NYSE: GIMO) and Container Store stock (NYSE: TCS) both tumbled today (Wednesday) to earn "stock market crasher" status.
stock market crashers
- Today's Stock Market Crashers: Why GIMO and TCS Took a Dive
- Stock Market Crashers: What's Behind Lifelock Inc.'s (NYSE: LOCK) Double-Digit Drop Today
- Stock Market Crash Indicators: Three More Warning Signs
- Black Monday Stock Market Crash Returns to Haunt 2014
- Stock Market Crashers: Why JRCC and GIMO Are Foundering Today
- Stock Market Crashers: Why Walter Energy Stock (NYSE: WLT) Is Diving Today
- Stock Market Crashers: Why Global Geophysical Stock (NYSE: GGS) Plunged 60% Today
- Stock Market Crashers: Japan Plunges Today Ahead of Ukraine Referendum
- Stock Market Crashers: Pixelworks (Nasdaq: PXLW), Alpha Natural Resources (NYSE: ANR), and Analogic (Nasdaq: ALOG)
Consumer security company Lifelock Inc. (NYSE: LOCK) earned "stock market crasher" status on Monday when it dropped 17.57% to $10.70 per share by close.
Lifelock, heavily advertised on "The Rush Limbaugh Show," provides identity theft protection services for consumers and identity risk assessment and fraud protection services for businesses. The company went public on Oct. 12, 2012, and investors had locked in gains of more than 200% through the beginning of February. Shares are still 46.17% above initial offering price, but LOCK stock is down 34.08% year to date and 51.3% since mid-February.
Three stock market crash indicators are suggesting that the current bull market may be running out of steam and is susceptible to a significant correction.
Two of the stock market crash indicators are weakness in key sectors, and the other is a technical development on the Standard & Poor's 500 index chart.
Chart watchers have noticed an eerie pattern - the bull market of 1982, which ended in the Black Monday stock market crash of 1987, looks way too much like the current bull market.
And while no one can predict the markets for certain, the chart lines for the two bull markets have given many market analysts pause, including Money Morning Chief Investment Strategist Keith Fitz-Gerald.
Even if we don't get a full-blown crash, a correction is long overdue.
Today (Tuesday), two "stock market crashers" are bleeding on the floor of Wall Street: James River Coal Co. (Nasdaq: JRCC) is down 50.38% so far, and Gigamon Inc. (NYSE: GIMO) has fallen 30.65%.
Today's (Thursday) "stock market crasher" is Walter Energy, Inc. (NYSE: WLT) - the stock hit a new 52-week low and is down 17.46% to $7.50 per share as of 1 p.m. EST.
WLT is a producer and exporter of metallurgical coals, and this morning Bank of America/Merrill Lynch (NYSE: BAC) slashed price targets on key coal stocks, including Walter Energy.
Global Geophysical Services Inc. (NYSE: GGS) played today's (Tuesday) "stock market crasher," plunging 60.68% to an all-time low after announcing that several of its past financial reports are inaccurate.
On Monday, the provider of seismic data to energy companies shocked with Q4 and full-year 2013 earnings. In it the company stated its financial reports and related auditors' reports for each of the fiscal years ended Dec. 31, 2012, 2011, 2010, and 2009, plus the first, second, and third quarters of 2013, "should no longer be relied upon because of accounting errors resulting from material weaknesses in the company's internal controls."
Today (Friday), the most notable stock market crasher isn't just one stock - it's the Nikkei 225 index, Japan's benchmark.
The Nikkei came crashing down 488.32 points Friday to 14,327.66, for a 3.30% loss. That marks its lowest close since Feb. 14. Japan's broader index followed suit - the Topix of all First Section issues on the Tokyo Stock Exchange fell 38.76 points, or 3.22%, to 1,164.70. All in all, Tokyo ended the week down more than 6%.
It's a gloomy Friday for these stock market crashers: Pixelworks Inc. (Nasdaq: PXLW), Alpha Natural Resources Inc. (NYSE: ANR), and Analogic Corp. (Nasdaq: ALOG). The three companies have dropped 23.89%, 11.04%, and 15.79% respectively so far today.
Here's what's causing each of these companies' dramatic drops...