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Lululemon Athletica Was Among The Worst-Performing Stocks Last Week (May 19-May 26, 2024): Are These 10 Large-Cap Stock Losers In Your Portfolio?

businessmayor
financeMay 26, 2024
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Benzinga – by Lekha Gupta, Benzinga Editor.

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

  • National Grid Transco (NYSE:NGG) decreased 17.1% after the company reported an equity raise of £7 billion and a year-over-year decrease in full-year revenue results.
  • James Hardie Industries Plc (NYSE:JHX) shares declined 14.4% after the company reported worse-than-expected Q4 financial results.
  • KE Holdings Inc (NYSE:BEKE) shares lost 14% in the last week after the company reported Q1 financial results.
  • JD.Com, Inc. (NASDAQ:JD) stock tumbled 13.70% after the company announced interim Q1 results and proposed an offering of $1.5 billion convertible senior notes.
  • XP Inc. (NASDAQ:XP) shares dived 13.3% after the company reported worse-than-expected Q1 EPS results.
  • Nordson Corporation (NASDAQ:NDSN) stock decreased 12.3% following mixed Q2 earnings and soft Q3 revenue guidance, and several analysts slashed their forecasts.
  • BeiGene, Ltd. (NASDAQ:BGNE) shares were down 11.6%.
  • Lululemon Athletica Inc (NYSE:LULU) shares lost 11.3% in the last week following the announcement of chief product officer Sun Choe resigning from his role. The company said it plans to implement organizational changes.
  • Walgreens Boots Alliance, Inc. (NASDAQ:WBA) stock dropped 10.80% following the disclosure of its sale of Cencora, Inc. (NYSE:COR) shares for $400 million and reduced its ownership stake from 13% to 12%.
  • Li Auto Ltd. (NASDAQ:LI) shares tumbled 10.40% after the company reported worse-than-expected Q1 results on Monday and issued Q2 outlook.

    • Also Read: Moderna Was Among The Best Performing Large-Cap Stocks Last Week: Are They In Your Portfolio?

    Image: Pedro Alvarez from Pixabay

    Read More   Baby food brands contain 'concerning' levels of heavy metals. Homemade may not be better.

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    Read the original article on Benzinga





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