Paramount Skydance, Symbotic And Wayfair Are Among Top 10 Large Cap Losers Last Week (Dec. 1-Dec. 5): Are the Others in Your Portfolio?
Economic uncertainty and shifting market dynamics have recently heightened investor sensitivity, leading to notable fluctuations in stock prices. This volatility, driven by a mix of company-specific developments and broader industry trends, has resulted in significant losses for some large-cap stocks in the last week (December 1-5).
Are these stocks in your portfolio?
Symbotic Inc. (NASDAQ:SYM) stock fell 28.73% amid weakness following the company's quarterly results, as investors reacted to guidance and margins. Goldman Sachs also downgraded Symbotic to Sell while maintaining its $47 price forecast.
Pure Storage, Inc. (NYSE:PSTG) stock fell 20.83% amid a pullback after the company's latest update on growth and profitability. Several analysts revised their price forecasts on the stock.
Paramount Skydance Corporation (NASDAQ:PSKY) stock fell 16.57% amid volatility around strategic and deal-related headlines in the media space.
UL Solutions Inc. (NYSE:ULS) stock fell 16.02% amid pressure from a secondary offering of 12.5 million Class A common shares priced at $78 per share.
Wayfair Inc. (NYSE:W) stock fell 14.07% amid weakness in e-commerce and discretionary names after Jefferies downgraded the stock from Buy to Hold and set a $94 price target.
LyondellBasell Industries N.V. (NYSE:LYB) stock fell 11.51%.
Talen Energy Corp (NYSE:TLN) stock fell 10.15% in the last week.
Snowflake Inc. (NYSE:SNOW) stock fell 8.94% amid investor concerns following the company's latest results and outlook. Several analysts revised their price forecasts on the stock.
Block, Inc. (NYSE:XYZ) stock fell 8.52% amid weakness in fintech names ahead of the company's presentation at the UBS Global Technology and AI Conference.
XPeng Inc. (NYSE:XPEV) stock fell 8.38% amid shares trading lower after the company reported its latest vehicle delivery numbers.
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