Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?
Author: Lekha Gupta | September 15, 2024 06:44pm
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
- Rentokil Initial plc (NYSE:RTO) shares plummeted 19.65% after the company revised the guidance for the second half of FY24.
- Ally Financial Inc. (NYSE:ALLY) stock dived 17.31% after the company’s CFO noted intensifying credit challenges among borrowers at a conference. Several analysts cut the price target on the stock.
- Moderna, Inc. (NASDAQ:MRNA) shares dropped 11.26% after the company cut its R&D expenses by $1.1 billion by 2027 and projected 2025 sales below expectations. Many analysts lowered the price target.
- Humana Inc.’s (NYSE:HUM) stock decreased 9.93%, probably after this week’s Trump-Harris debate.
- Tyson Foods, Inc. (NYSE:TSN) stock was down 7.57%.
- KE Holdings Inc (NYSE:BEKE) shares decreased 7.14%.
- Adobe (NASDAQ:ADBE) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for the stock.
- Ryanair Holdings plc (NASDAQ:RYAAY) shares fell 5.38%.
- JPMorgan Chase & Co (NYSE:JPM) stock lost 5.05% last week after COO tempered analyst outlook.
- Devon Energy Corporation (NYSE:DVN) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the price forecast from $64 to $51.
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Posted In: ADBE ALLY BEKE DVN HUM JPM MRNA RTO RYAAY TSN
