Rivian, Chipotle Mexican And Sirius XM Are Among Top 10 Large Cap Losers Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?
Author: Lekha Gupta | August 18, 2024 01:06pm
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
- Tencent Music Entertainment Group (NYSE:TME) shares dipped 18.18% after the company reported a second-quarter revenue miss. Several analysts cut the price target on the stock.
- Mobileye Global Inc. (NASDAQ:MBLY) stock fell 5.92% last week. RBC Capital lowered its price target on the stock from $34 to $24.
- Rivian Automotive Inc.’s (NASDAQ:RIVN) stock declined 5.37% after it reportedly halted production of the electric commercial van it makes for Amazon (NASDAQ:AMZN) due to a parts deficit in the latest supply chain chaos.
- Chipotle Mexican Grill, Inc. (NYSE:CMG) stock decreased 4.87% after the company announced that Chairman and CEO Brian Niccol would be leaving. Several analysts revised ratings and price targets on the stock.
- Lineage Inc (NASDAQ:LINE) stock lost 4.08% in the last week.
- Sirius XM Holdings Inc. (NASDAQ:SIRI) stock fell 3.85% last week after gaining earlier in the week on reports of Berkshire Hathaway (NYSE:BRK) increasing its stake in the company.
- Hershey Co (NYSE:HSY) stock lost 3.23% after Goldman Sachs issued a Sell rating and a price target of $185 on the stock.
- Baxter International Inc. (NYSE:BAX) shares were down 2.80% after the company announced a definitive agreement to divest its Vantive Kidney Care segment to Carlyle Group Inc. (NASDAQ:CG) for $3.8 billion.
- Broadridge Financial Solutions Inc (NYSE:BR) declined 2.76%.
- United Therapeutics Corporation (NASDAQ:UTHR) shares decreased 2.38%.
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Photo courtesy Rivian
Posted In: AMZN BAX BR BRK CG CMG HSY LINE MBLY RIVN SIRI TME UTHR
