MicroStrategy, Intel And Moderna Are Among Top 12 Large Cap Losers Last Week (July 28-August 3): Are The Others In Your Portfolio?

Author: Lekha Gupta | August 04, 2024 11:20am

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

1. Symbotic Inc (NASDAQ:SYM) stock fell 39.23% in the last week following worse-than-expected Q3 earnings and issued subpar Q4 revenue outlook.
2. Intel Corp (NASDAQ:INTC) stock declined 31.63% in the last week due to worse-than-expected Q2 results and a suspended dividend. Several analysts downgraded the stock.
3. Snap Inc (NYSE:SNAP) fell 30.23% on worse-than-expected Q2 revenue results. Several analysts lowered their price forecasts on the stock.
4. Moderna, Inc. (NASDAQ:MRNA) shares declined 29.19% after the company reported Q2 results and revised its 2024 expectations. Following the report, multiple analysts lowered their respective price targets on the stock.
5. Mobileye Global Inc. (NASDAQ:MBLY) stock fell 24.50% after the company issued weak FY24 guidance. Several analysts cut the price target on the stock.
6. Pinterest, Inc. (NYSE:PINS) shares were down 23.12% after the company issued Q3 revenue guidance below estimates. Many analysts slashed the price target on the company.
7. Arm Holdings plc (NASDAQ:ARM) stock decreased 22.42% after it issued weak Q2 guidance. Many analysts revised the price target.
8. Entegris, Inc. (NASDAQ:ENTG) shares dipped 20.78% after the company reported Q2 financial results and issued Q3 guidance below estimates. Few analysts lowered the price target on the stock.
9. Atlassian Corp (NASDAQ:TEAM) stock tumbled 19.24% last week after the company reported Q4 earnings and issued a soft Q1 outlook.
10. MicroStrategy Incorporated (NASDAQ:MSTR) shares fell 18.22% after the company reported its second-quarter financial results. Shares of crypto-linked stocks also fell amid weakness in Bitcoin.
11. New Oriental Education & Technology Group, Inc. (NYSE:EDU) stock decreased 17.22% after the company reported worse-than-expected Q4 adjusted EPS and sales.
12. Western Digital Corp (NASDAQ:WDC) fell 17.17% in sympathy with Intel. Also, Susquehanna analyst lowered its price target from $88 to $75.

Also Read:

• DoorDash And Exact Sciences Are Among Top 10 Large Cap Gainers Last Week (July 28-Aug 3): Are The Others In Your Portfolio?

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Posted In: ARM CRWD DAL EDU ENTG INTC MBLY MGM MRK MRNA MSTR PINS SNAP SYM TEAM WDC