The Fidelity Contrafund (FCNTX) is a highly popular equity fund with a large-cap bias. Although large cap stocks did sell off Friday, the unproportionally large 6.69% drop in the net asset value (price) of FCNTX alarmed some investors.
The explanation for the large price drop is that Fidelity distributed both dividends and capital gains for a number of their funds with a pay date of Monday, December 16.
The most recent dividends and the capital gains distributions for Fidelity funds are available on the following website:
Buy/sell signals for Fidelity funds are available at FidelitySignal.com