Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?
Author: Lekha Gupta | August 25, 2024 12:07pm
These eight large-cap stocks were the worst performers in the last week. Are they in your portfolio?
- Tamboran Resources Corporation (NYSE:TBN) stock fell 13.84% last week.
- Gold Fields Limited (NYSE:GFI) stock was down 12.37%. Recently, the gold mining sector saw M&A activity.
- Snowflake Inc. (NYSE:SNOW) shares tumbled 10.82% after the company reported second-quarter results, and several analysts lowered their price targets on the stock.
- NetEase, Inc. (NASDAQ:NTES) stock dived 9.30% after the company reported worse-than-expected second-quarter sales results.
- Franklin Resources, Inc. (NYSE:BEN) shares declined 8.12% after the company announced that Michael Buchanan had been appointed as its new Chief Investment Officer due to CIO Ken Leech’s leave of absence.
- JD.com, Inc. (NASDAQ:JD) shares were down 7.74% after Walmart Inc. (NYSE:WMT) revealed plans to divest its stake in the company.
- Temu parent PDD Holdings Inc. (NASDAQ:PDD) stock declined 7.18% last week after China’s central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively. The stock also faced selling pressure ahead of second-quarter earnings.
- Moderna, Inc. (NASDAQ:MRNA) shares plummeted 5.77%.
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Posted In: BEN GFI JD MRNA NTES PDD SNOW TBN WMT
