Stockwatch: Local stocks get hammered

Stocks in The Northern Colorado Business Report Stock Index lost their shine for the month ended July 15.

As a result of a rather large selloff last month, the NCBR Stock Index dropped 119.85 points, or 9 percent, before coming to rest at 1212.13.

In our index, decliners towered over advancers by a 67-to-13 count, and 16 stocks reached new 52-week highs vs. 12 that dropped to new 52-week

lows.

Hewlett-Packard Co. dropped 22.50 points, or 22.73 percent, to close at $76.50, making it the largest dollar loser in our index. The company warned

that the growth of orders had slowed throughout…