These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?
- James Hardie Industries plc. (NYSE:JHX) stock fell 30.73% this week following worse-than-expected first-quarter financial results. Baird analyst Timothy Wojs maintained an Outperform rating, lowering the price forecast from $32 to $25.
- Symbotic Inc. (NASDAQ:SYM) stock fell 10.84% this week.
- Reddit, Inc. (NYSE:RDDT) stock decreased 11.62% this week. RBC Capital analyst Brad Erickson reiterated a Sector Perform rating and maintained a $210 price forecast.
- Fabrinet (NYSE:FN) stock declined 10.32% this week after the company issued first-quarter GAAP EPS guidance below estimates.
- Palantir Technologies Inc. (NASDAQ:PLTR) stock fell 9.50% this week. Citron Research issued bearish comments on the stock. Also, Palantir CEO Alex Karp executed a massive $62.7 million stock sale over two days, according to Securities and Exchange Commission Form 4 filings. The transaction comes as the data analytics company faces mounting valuation pressure and increased short interest.
- Joby Aviation, Inc. (NYSE:JOBY) stock slumped 10.34% this week.
- MP Materials Corp. (NYSE:MP) stock fell 7.97% this week. The Trump administration is weighing a proposal to redirect at least $2 billion from the CHIPS Act to critical-minerals projects, expanding Commerce Secretary Howard Lutnick's authority over the broader sector.
- Circle Internet Group, Inc. (NYSE:CRCL) stock fell 9.64% this week after Deutsche Bank analyst Brian Bedell maintained a Hold rating, lowering the price forecast from $163 to $123.
- Intuit Inc. (NASDAQ:INTU) stock fell 7.87% this week after the company guided first-quarter revenue guidance below estimates. Following the report, multiple analysts lowered their price forecasts.
- Alcon Inc. (NYSE:ALC) stock fell 6.50% this week after the company cut its FY25 sales guidance. Also, multiiple analysts lowered price forecasts on the stock.
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