Top NYSE Decliners (COH, IAG, MCP)

Los Angelas, CA -- (SBWIRE) -- 01/24/2013 -- Coach Inc (NYSE:COH) moved down 16.36% and closed at $50.75 on a traded volume of 50.98 million shares.The Company reported second quarter net income of $352.76 million or $1.23 per share compared to $347.50 million or $1.18 per share in the prior year period.

Coach, Inc. is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.

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

IAMGOLD Corporation (USA) (NYSE:IAG) fell 9.38% after confirming its previously stated gold production outlook in a range of 875,000 to 950,000 attributable ounces for fiscal 2013.

IAMGOLD Corporation is a mining company. IAMGOLD‘s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas. IAMGOLD is focused in West Africa, select countries in South America and in the Canadian province of Quebec.

Will IAG Bounce Back After yesterday’s Sharp Sell off? Find Out Here

Molycorp Inc (NYSE:MCP) plunged 10.76% and closed at $7.88 on a traded volume of 15.64 million shares. The Company plans to offer and sell $200 million of its common stock and $100 million aggregate principal amount in separate registered public offerings.

Molycorp, Inc. provides Rare Earths and Molybdenum products to companies. The Company's rare earth products comprise of bastnasite, cerium, europium, lanthanum, neodymium, praseodymium, yttrium, and other lanthanides.

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

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