Intel, Moderna And Dollar General Were Among Top 10 Large Cap Losers In August: Are The Others In Your Portfolio?
Author: Lekha Gupta | September 08, 2024 01:05pm
These ten large-cap stocks were the worst performers in August. Are they in your portfolio?
- Super Micro Computer, Inc. (NASDAQ:SMCI) stock lost 34.89% in August. The company delayed filing its 10-K.
- Dollar General Corporation (NYSE:DG) stock decreased 30.95%. The company posted worse-than-expected second-quarter earnings, and many analysts cut the price target on the stock.
- Snap Inc. (NYSE:SNAP) stock dived 27.09%. The company posted a revenue miss for the second quarter, and analysts slashed the price target.
- Temu parent PDD Holdings Inc. (NASDAQ:PDD) shares fell 24.81%. The company reported quarterly results, in which the CEO highlighted challenges for the rest of the year.
- Intel Corporation (NASDAQ:INTC) stock plummeted 24.13% after the company reported weak results and a 15% headcount reduction plan.
- Tencent Music Entertainment Group (NYSE:TME) stock declined 21.44%. It reported a second-quarter revenue miss and analysts lowered the price target.
- Gold Fields Limited (NYSE:GFI) shares went down 18.99%. It disclosed the acquisition of Osisko Mining for $1.57 billion in cash.
- Charles River Laboratories International, Inc. (NYSE:CRL) shares fell 18.57%. The company warned about softer demand trends from global biopharmaceutical clients in the quarterly result.
- Moderna, Inc. (NASDAQ:MRNA) shares decreased 17.81%.
- Neurocrine Biosciences, Inc. (NASDAQ:NBIX) stock dived 17.04%. It presented topline data for its Phase 2 clinical study of NBI-1117568 (NBI-‘568) in adults with schizophrenia.
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Posted In: CRL DG GFI INTC MRNA NBIX PDD SMCI SNAP TME
