Moderna And Walgreens Boots Alliance Were Among The 10 Biggest Large Cap Losers Last Week (June 23 - June 29): Are These In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the ten worst-performing large-cap stocks from June 23 to June 29. Walgreens Boots Alliance, Moderna, and Floor & Decor Holdings were among the biggest losers, with significant declines due to various factors such as earnings reports, economic data, and regulatory news.
June 30, 2024 | 6:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BeiGene shares went down by 9.70% last week.
The decline in BGNE's stock price is noted without a specific reason mentioned, indicating a general negative sentiment or market conditions affecting the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Birkenstock Holding stock declined 10.86% after announcing an offering of up to 14 million ordinary shares by a selling shareholder.
The decline in BIRK's stock is due to the announcement of a large share offering, which can dilute existing shares and negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Ecopetrol stock dived 8.02% last week.
The decline in EC's stock price is noted without a specific reason mentioned, indicating a general negative sentiment or market conditions affecting the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Floor & Decor Holdings shares lost 13.41%, possibly due to worse-than-expected May Pending Home Sales economic data.
The drop in FND's stock price is likely linked to disappointing economic data on May Pending Home Sales, which could negatively affect investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
International Paper Company shares declined 7.98% after Suzano SA said it would not pursue the acquisition transaction.
The decline in IP's stock is due to Suzano SA's decision not to pursue an acquisition, which may have disappointed investors expecting a potential deal.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
JD.Com stock fell 8.89% after the U.S. unveiled rules to curb investments in Chinese technology.
The new U.S. rules to curb investments in Chinese technology likely negatively impacted JD's stock, reflecting investor concerns over regulatory risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Moderna shares fell 11.76% after the company's RSV vaccine showed 50% efficacy.
The decline in MRNA's stock is attributed to the RSV vaccine showing only 50% efficacy, which may have disappointed investors and led to a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Micron Technology's stock lost 7.62% last week following Q3 earnings and a Q4 outlook.
The decline in MU's stock is attributed to the company's Q3 earnings and Q4 outlook, which may have fallen short of investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Pool Corporation stock fell 9.19% after the company cut its FY24 EPS guidance.
The reduction in POOL's FY24 EPS guidance likely led to the stock's decline, as investors may have adjusted their expectations downward.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Walgreens Boots Alliance shares fell 24.12% after mixed Q3 earnings and lowered 2024 guidance below consensus estimates. Analysts cut price forecasts.
The significant drop in WBA's stock price is due to disappointing Q3 earnings and a lowered 2024 guidance, which led analysts to cut price forecasts. This is likely to negatively impact the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100