Last Week’s Worst Performing Stocks: Are These 11 Large-Cap Stocks in Your Portfolio? – Arista Networks (NYSE:ANET), Albemarle (NYSE:ALB)

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

1. Arm Holdings plc ARM was the worst performing large-cap stock last week, falling 31.08%. The company came alongside ASML Holding NV ASML, which last week reported worse-than-expected first-quarter FY24 results. Exane BNP Paribas analyst David O’Connor downgraded ARM from “Outperform” to “Neutral” with a $100 price target.
2. MicroStrategy Inc MSTR shares lost 20.07% over the past week. Most crypto stocks tumbled last week due to Bitcoin volatility Bitcoin/USD price.
3. Coinbase Global Inc CURRENCY stocks lost 15% last week due to Bitcoin weakness Bitcoin/USD price. Economist and cryptocurrency skeptic Peter Schiff has expressed skepticism about the explosion of the Apex cryptocurrency, in line with the predictions of some bulls.
4. Prologis, Inc. PLD fell 13.73% as the company’s Q1 FY24 rental revenue of $1.83 billion missed consensus and lowered its FY24 outlook for EPS and FFO/core stock due to expected lower average occupancy and competitive leasing.
5. Tesla Inc TSLA it fell 13.6% last week. The company led by Elon Musk has had a difficult week in many ways. It faces declining demand for electric vehicles, Cybertruck recalls, employee layoffs and price cuts.
6. Equifax Inc. EFX shares fell 13.54%. The company on Wednesday reported worse-than-expected first-quarter sales results and issued adjusted guidance below estimates.
7. User Corp BRKR had a tough week, losing 11.90% in value after announcing its acquisition of NanoString Technologies for $392.6 million in cash.
8. Live Nation Entertainment, Inc. LIE it fell by 11.76%. The company’s shares have taken a hit following a report that the Department of Justice will file an antitrust lawsuit against the company.
9. Arista Networks Inc. Aneta it fell 10.69% last week. Recently, an analyst at Rosenblatt downgraded the stock twice to “Sell” with a $210 price target.
10. JB Hunt Transportation Services, Inc. JBHT fell 10.47% as Q1 FY24 earnings missed consensus estimates due to lower segment gross revenues and lower loads. Several analysts lowered their price targets for the stock following the earnings miss.
11. Albemarle Corp SHIRTS Shares lost 9% in value last week due to volatile lithium prices.

See also: Tracking Last Week’s Top Performers: Are These 7 Large-Cap Stocks in Your Portfolio?

Photo: Shutterstock