Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the ten large-cap stocks that were the worst performers from June 9 to June 15, 2024. Notable mentions include Celsius Holdings, PayPal, Gold Fields, Paramount Global, Warner Bros. Discovery, Samsara, Orange SA, Nutrien, Mobileye Global, Zoom Video Communications, and MicroStrategy.
June 16, 2024 | 5:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Celsius Holdings, Inc. (NASDAQ:CELH) lost 15.22% last week after multiple analysts lowered their price forecasts for the stock.
The significant drop in Celsius Holdings' stock price is directly linked to analysts lowering their price forecasts, which typically signals negative sentiment and can lead to further declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gold Fields Limited (NYSE:GFI) shares tumbled 12.59% after the company lowered its 2024 group production guidance due to the impact of weather events on the Salares Norte project.
The reduction in production guidance due to weather events negatively impacts investor confidence and future revenue expectations for Gold Fields.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Samsara Inc. (NYSE:IOT) shares were down 7.66%.
The decline in Samsara's stock price may be due to broader market trends or company-specific issues not detailed in the article.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Mobileye Global Inc. (NASDAQ:MBLY) shares fell 7.51%.
The decline in Mobileye's stock price may be due to broader market trends or company-specific issues not detailed in the article.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
MicroStrategy Incorporated (NASDAQ:MSTR) shares declined 5.88% after the company announced a proposed private institutional offering of $500 million in convertible senior notes to acquire additional Bitcoin.
The decline in MicroStrategy's stock price is likely due to investor concerns about the company's increased exposure to Bitcoin through the proposed $500 million convertible senior notes offering.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Nutrien Ltd. (NYSE:NTR) stock fell 7.14% after Piper Sandler maintained an Underweight rating and lowered its price target from $56 to $55.
The stock decline is directly linked to Piper Sandler's negative rating and lowered price target, which signals a lack of confidence in Nutrien's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Orange SA (NYSE:ORAN) stock lost 7.66% in the last week.
The decline in Orange SA's stock price may be due to broader market trends or company-specific issues not detailed in the article.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Paramount Global (NASDAQ:PARAA) shares decreased 13.63% after it was announced that the proposed transaction with Skydance is not moving forward.
The failure of the proposed transaction with Skydance has likely led to investor disappointment and uncertainty about Paramount Global's strategic direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 9.16% on news competitor Affirm’s payment products are expected to be available to Apple Pay users in the US later this year.
PayPal's stock decline is attributed to competitive pressure from Affirm's integration with Apple Pay, which could impact PayPal's market share and revenue.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Warner Bros. Discovery, Inc. (NASDAQ:WBD) shares declined 11.71% after Liberty Global announced intentions to acquire the company’s stake in Formula E.
The announcement of Liberty Global's acquisition of Warner Bros. Discovery's stake in Formula E may have raised concerns about the company's future revenue streams and strategic focus.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Zoom Video Communications, Inc. (NASDAQ:ZM) stock decreased 7.51%.
The decline in Zoom's stock price may be due to broader market trends or company-specific issues not detailed in the article.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50