After a disastrous start to the year, the S&P 500 has bounced back strongly. Now that the first half of 2016 has come and gone, the January sell-off is a distant memory for most investors, and the SPDR S&P 500 ETF Trust SPY 1.49% is up a solid 2.1 percent year-to-date.
Unfortunately, not every stock got an invitation to the party. Here’s a look at five stocks that have lost more than half their value so far in 2016.
1. Ionis Pharmaceuticals Inc IONS 0.88%
Ionis shares plunged 35 percent in a single morning in May afterGlaxoSmithKline plc (ADR) GSK 0.09% declined to initiate a Phase III study of the IONIS-TTR drug program. Ionis’ stock is now down 51.3 percent on the year.
2. SolarCity Corp SCTY 3.02%
Not even a buyout bid by Tesla Motors Inc TSLA 0.39% could salvage a disastrous first half of 2016 for SolarCity. After a lackluster 0.7 percent decline in 2015, the stock is down 53.5 percent in 2016.
3. Fitbit Inc FIT 2.75%
Fitbit continues to struggle to differentiate its products in an increasingly competitive wearable devices market. So far this year, the stock has fallen 57.8 percent.
4. Endo International plc – Ordinary Shares ENDP 0.81%
Endo’s stock tanked more than 25 percent following the company’s severe outlook cut in May. Year-to-date, Endo is now down 72.2 percent.
5. Valeant Pharmaceuticals Intl Inc VRX 1.02%
Valeant’s struggles with accusations of accounting scandal, price gouging and a questionable business model have been…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
