In the past week, these ten large-cap stocks saw significant declines in their value. It’s crucial for investors to stay informed about the market trends and the performance of individual stocks in their portfolios.
Walgreens Boots Alliance, Inc. (WBA) experienced a 24.12% drop in its shares after reporting mixed Q3 earnings and lowering its 2024 guidance. This news led analysts to reduce their price forecasts for the stock. Meanwhile, Floor & Decor Holdings, Inc. (FND) saw a 13.41% decrease, possibly due to disappointing May Pending Home Sales data.
Moderna, Inc. (MRNA) faced an 11.76% decline following the announcement of its RSV vaccine’s 50% efficacy. Birkenstock Holding Plc (BIRK) also witnessed a 10.86% decrease after revealing an offering of up to 14 million ordinary shares by a selling shareholder.
BeiGene, Ltd. (BGNE) saw its shares fall by 9.70%, while Pool Corporation (POOL) experienced a 9.19% drop after revising its FY24 EPS guidance. JD.Com, Inc. (JD) faced an 8.89% decline after the U.S. introduced rules to restrict investments in Chinese technology companies.
Ecopetrol (EC) saw an 8.02% dive in its stock value, and International Paper Company (IP) witnessed a 7.98% decline after Suzano SA (SUZ) decided not to pursue an acquisition transaction. Micron Technology Inc. (MU) also saw a 7.62% decrease following its Q3 earnings report and Q4 outlook.
It’s essential for investors to stay vigilant and adapt their portfolios based on market conditions and company-specific developments. DailyBubble believes that staying informed and taking proactive steps can help investors navigate through market volatility and make informed decisions about their investments.