The Biggest Loser: Skyworks Slumps 3.3%
December 09, 2016 at 17:02 PM EST
It should have been a decent day for Skyworks Solutions ( SWKS ) after Broadcom ( AVGO ) reported better-than-expected earnings . Instead, it slumped to the bottom of the S&P 500 today. Skyworks Solutions dropped 3.3% to $76.93 today, while the S&P 500 gained 0.6% to 2,259.53. My colleague Tiernana Ray quoted Northland Capital Markets' Tom Sepenzis on why Broadcom's earnings should have been at least neutral from Skyworks :