News / Business
Large Cap Stock Losers (MON, RIMM, VALE, ORCL)
Stock Losers
Monsanto Company (NYSE:MON) dropped 5.92% to $49.93 on over 3.71 million shares. The company is scheduled to release fiscal fourth quarter earnings before the opening bell on Wednesday, October 6, 2010.
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Analysts, on average, expect the company to report a loss of 2 cents per share on revenue of $1.83 billion. In the year ago quarter, the company reported earnings of 2 cents per share on revenue of $1.88 billion.
The stock moved in an intraday range of $49.43-$52.64. So far this year, the stock fell over 39%.
Research In Motion Limited (USA) (NASDAQ:RIMM) lost 4.07% to $46.39 with over 5.86 million shares. Over the past 52-weeks, the stock traded within the range of $42.53-$76.95. The stock is down more than 31% year-to-date.
After the closing bell Monday, Research In Motion unveiled its response to Apple Inc.’s iPad, the PlayBook. The device, with a 7-inch touch screen, is expected to hit the market in early 2011.
The median Wall Street price target on the stock is $65 and the high target is set at $105 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $47.81 and $59.40 respectively.
Vale (ADR) (NYSE:VALE) slid 0.66% to $30.27 after 3.59 million shares of trade. At current market price, the market capitalization of the stock stands at $160.07 billion.
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The company has Price/Sales ratio of 4.95 and Price/Book ratio of 2.62. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $28.02 and $28.44 respectively.
Oracle Corporation (NASDAQ:ORCL) lost 0.41% to $26.84 after 3.92 million shares. Over the past 52-week, the stock traded within the range of $20.10-$27.62. The stock is up more than 7% year-to-date.
The median Wall Street price target on the stock is $31.50 and the high target is set at $40 with majority of the analyst has a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $24.18 and $24.15 respectively.
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