Bank of America Corp (BAC), Hewlett-Packard Company (HPQ), Caterpillar Inc. (CAT): Last Week’s Big Dow Losers

The biggest Dow loser this past week was Hewlett-Packard Company (NYSE:HPQ) which lost 7.84% of its value. The company is in the midst of a turnaround, and a few bumps in the road should be expected. Even after this week’s big loss, shares are still up more than 54% year to date.

Although shares fell a little the whole week, a big decline came on Tuesday, after Goldman Sachs Group, Inc. (NYSE:GS) analyst Bill Shope downgraded the stock. Shope said he believes shares could fall nearly 31% further from where they closed on Monday, at $23.31. While he is optimistic that current restructuring will help the company, he thinks any gains from becoming more efficient with its resources will be wiped out by weaknesses in other areas of the company’s business.

Caterpillar Inc. (NYSE:CAT) also had a bad week, as shares fell by 2.72%. This is the ninth straight week shares of Caterpillar Inc. (NYSE:CAT) closed lower than were they began. In that time, the stock price has been cut lower by 14.89%. This week’s big decline came on Tuesday, after the Department of Commerce released its factory orders and showed that machinery and other large equipment declined by 3.2% in February.

Other Dow losers this week:

Coca-Cola, down 0.89%.

American Express, down 3.2%.

Chevron and ExxonMobil, down 1.09% and 1.22%, respectively.

Intel, down 4.12%.

Cisco, down 1.38%.

Alcoa, down 3.28%.

The article Last Week’s Big Dow Losers originally appeared on Fool.com is written by Matt Thalman .

Fool contributor Matt Thalman owns shares of Bank of America. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513. The Motley Fool recommends 3M, American Express, Chevron, Cisco Systems, Coca-Cola, Goldman Sachs, Intel, and UnitedHealth Group and owns shares of Bank of America, General Electric, Intel, IBM, and Oracle.

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