GameStop And First Solar Were Among The 10 Biggest Large Cap Losers Last Week (June 16-June 22): Are These In Your Portfolio?

Author: Lekha Gupta | June 23, 2024 11:59am

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?

GameStop Corp (NYSE:GME) shares lost 18.61% in the last week following its annual shareholder meeting, where CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction.
Enphase Energy, Inc. (NASDAQ:ENPH) shares declined 17.60% after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $128 to $124.
Albemarle Corporation (NYSE:ALB) stock decreased 11.53%.
BioNTech SE (NASDAQ:BNTX) stock fell 10.49% in the last week after the FDA placed a clinical hold on partner Medilink Therapeutics’ Phase 1 trial of BNT326/YL202.
Align Technology, Inc. (NASDAQ:ALGN) shares lost 9.55% following the Piper Sandler analyst lowering its price forecast on the stock.
First Solar Inc (NASDAQ:FLSR) shares fell 8.87% in the last week after Janney Montgomery Scott downgraded the stock from Buy to Neutral.
Ball Corporation (NYSE:BALL) stock was down 7.29%. Wells Fargo analyst lowered the price target on the stock.
Mobileye Global Inc. (NASDAQ:MBLY) shares decreased 7.02%.
TopBuild Corp. (NYSE:BLD) shares dipped 6.97%. Shares of homebuilders, construction companies and housing-related stocks are trading lower after May housing starts and building permits came in below expectations.
Jabil Inc. (NYSE:JBL) shares tumbled 5.56% after the company reported third-quarter results and several analysts slashed their forecasts.