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

Zinger Key Points
  • Shopify plunged almost 25% on subpar earnings.
  • Walt Disney stock had a poor week as analysts lowered forecasts on the stock.

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

  1. EPAM Systems, Inc. EPAM shares tumbled 24.6% after it lowered its FY24 revenue guidance. Several analysts trimmed the price target on the stock.
  2. Shopify Inc. SHOP shares declined 24.4% following first-quarter FY24 earnings. Many analysts revised the price targets on Shopify following the earnings announcement.
  3. Roblox Corporation RBLX shares plunged 20.5% after it issued weak guidance. Several analysts cut the price target on the stock.
  4. Builders FirstSource, Inc. BLDR shares are down 15.7%  following first quarter earnings. Some analysts cut the price target on the stock.
  5. Palantir Technologies Inc. PLTR shares were down 15.5% following soft revenue guidance. Many analysts revised the price target on the stock.
  6. Astera Labs, Inc. ALAB shares were down 13% after the company reported Q1 financial results.
  7. Suzano S.A. 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
  8. Telefonica Brasil S.A. VIV shares fell 11.8% after the company reported Q1 financial results and analysts trimmed the price target.
  9. Airbnb, Inc. ABNB shares decreased 9.3% after the company reported Q1 financial results. Many analysts revised the price target.
  10. Walt Disney Company 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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