Notable Losers in Pre-Market Trading (ROST, MUX, JRCC, BKU)

Los Angelas, CA -- (SBWIRE) -- 03/08/2013 -- Ross Stores, Inc. (NASDAQ:ROST) shares went down after Piper Jaffray dropped its price target on the stock from $86 to $71. However, the firm has restated its “overweight” rating on the stock.

In the last trading session, Ross Stores, Inc. reported the fall of -7.49% to close at $55.23 and its total traded volume was 9.98 million shares. ROST has earnings per share of $3.31 and its price to earnings ratio ended at 16.70. ROST has a market cap of 12.28 billion.

Will ROST Reach The Bottom After Yesterday’s Correction? Find Out Here

McEwen Mining Inc. (NYSE:MUX) declined 5.93% and closed at $2.54 on a traded volume of 4.34 million shares. So far this year, the stock is down over 34%. The 52-week range for the stock is $1.96 and $5.23. McEwen Mining Inc. formerly US Gold Corporation, is engaged in the exploration for and production of precious metals in the United States, Mexico and Argentina. McEwen Mining’s operating segments include USA and Mexico.

Is it the Right to Grab MUX after the Recent Slump? Find Out Here

James River Coal Company (NASDAQ:JRCC) slipped 6.67% and closed at $2.38 on a traded volume of 1.37 million shares. The Company reported net loss of $138.9 million or $3.99 per share for the year ended December 31, 2012 and a net loss of $76.9 million or $2.21 per fully diluted share for the fourth quarter of 2012. This is compared to a net loss of $39.1 million or $1.19 per fully diluted share for the year ended December 31, 2011 and a net loss of $28.5 million or $0.82 per fully diluted share for the fourth quarter of 2011.

Why Should Investors Buy JRCC After The Recent Fall? Find Out Here

BankUnited (NYSE:BKU) moved down 3.41% and closed at $26.08 on a traded volume of 1.80 million shares. The Company announced the pricing of an underwritten offering of 19,600,000 shares of its common stock by certain of its existing stockholders at $25.25 per share. The Company will not receive any proceeds from the offering. In connection with the offering, the underwriters have a 30-day option to purchase an additional 2,940,000 shares in the offering from the Selling Stockholders.

Is BKU Showing Any Sign of Buy At The Current Market Price? Find Out Here

DISCLAIMER
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Adviser or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..

Contact:
hotpennystocknews.com
info@hotpennystocknews.com