The stock market experienced volatility last week, with several large-cap stocks underperforming. Here are eight companies whose share prices took a hit:
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Tamboran Resources Corporation (TBN):
TBN stock plummeted by 13.84% last week.*
Gold Fields Limited (GFI):
GFI shares fell by 12.37%. The gold mining sector has been undergoing mergers and acquisitions activity, potentially contributing to this decline.*
Snowflake Inc. (SNOW):
Following the release of its second-quarter results, Snowflake’s stock tumbled by 10.82%. Several analysts subsequently lowered their price targets for the company.*
NetEase, Inc. (NTES):
NetEase shares took a dive of 9.30% after the company reported weaker-than-expected second-quarter sales results.*
Franklin Resources, Inc. (BEN):
BEN stock declined by 8.12% following the announcement of Michael Buchanan’s appointment as the new Chief Investment Officer. This appointment came as a result of CIO Ken Leech’s leave of absence.*
JD.com, Inc. (JD):
JD shares dropped by 7.74% after Walmart Inc. (WMT) revealed plans to divest its stake in the company.*
Temu parent PDD Holdings Inc. (PDD):
PDD stock declined by 7.18% last week. This decline came after China’s central bank kept its one-year and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively. Additionally, the stock faced selling pressure ahead of its second-quarter earnings release.*
Moderna, Inc. (MRNA):
Moderna shares plummeted by 5.77%.Investors closely watching these companies should consider the reasons behind their recent performance and evaluate their impact on their portfolios. It is important to conduct thorough research and consider professional investment advice before making any decisions.
