ALCOA
-$0.75 (7%) to $10.06
Shares of the aluminum firm tumbled after Deutsche Bank cut its rating on the stock to “sell” from “hold.” After the market closed, it reported its first quarterly net loss in six years, and the loss excluding one-time items was worse than Wall Street estimates.
BANK OF AMERICA
-$1.56 (12%) to $11.43
The giant bank’s stock fell after a Citigroup analyst said it may post a fourth-quarter loss of 75 cents per share and cut its quarterly dividend. He had previously predicted a 2-cent-a-share profit. Shares are down 72 percent since the end of 2007.
HARLEY-DAVIDSON
-$1.87 (12%) to $14.13
Shares of the Milwaukee-based motorcycle manufacturer fell after Goldman Sachs Group added the stock to its “conviction sell” list and slashed its price estimate to $11 from $30. The firm’s shares are down 71 percent from their 52-week high.
