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Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

Published 12/05/2024, 18:29
Updated 12/05/2024, 19:40
© Reuters.  Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)
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Benzinga - by Lekha Gupta, Benzinga Editor.

These 10 large-cap stocks were the worst performers last week. Are they in your portfolio?

  • EPAM Systems, Inc. (NYSE:EPAM) shares tumbled 24.6% after it lowered its FY24 revenue guidance. Several analysts trimmed the price target on the stock.
  • Shopify Inc. (NYSE:SHOP) shares declined 24.4% following first-quarter FY24 earnings. Many analysts revised the price targets on Shopify following the earnings announcement.
  • Roblox Corporation (NYSE:RBLX) shares plunged 20.5% after it issued weak guidance. Several analysts cut the price target on the stock.
  • Builders FirstSource, Inc. (NYSE:BLDR) shares are down 15.7% following first quarter earnings. Some analysts cut the price target on the stock.
  • Palantir Technologies Inc. (NYSE:PLTR) shares were down 15.5% following soft revenue guidance. Many analysts revised the price target on the stock.
  • Astera Labs, Inc. (NASDAQ:ALAB) shares were down 13% after the company reported Q1 financial results.
  • Suzano S.A. (NYSE:SUZ) shares decreased 13.98% following a report suggesting that it made an offer to acquire International Paper as well as weak first quarter FY24 results.
  • Telefonica Brasil S.A. (NYSE:VIV) shares fell 11.8% after the company reported Q1 financial results and analysts trimmed the price target.
  • Airbnb, Inc. (NASDAQ:ABNB) shares decreased 9.3% after the company reported Q1 financial results. Many analysts revised the price target.
  • Walt Disney Company (NYSE:DIS) shares are down 7.3% following a Q2 revenue miss. Several analysts cut the price target on the stock.
  • Also Read: These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?

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    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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