Circle Internet, Hims & Hers Health And CoreWeave Are Among Top 10 Large Cap Losers Last Week (June 23-27): Are The Others In Your Portfolio?
These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?
- Circle Internet Group, Inc. (NYSE:CRCL) stock fell 24.91% amid a pullback after recent highs. The drop followed its announcement of its partnership with Fiserv to integrate its stablecoin platform into Fiserv's banking and payment solutions.
- Hims & Hers Health, Inc. (NYSE:HIMS) stock declined 23.06% amid reports that Novo Nordisk (NYSE:NVO) terminated its collaboration with the company.
- Vonage Holdings Corp. (NASDAQ:VG) stock plunged 17.46% after BofA Securities maintained a Buy rating on Venture Global stock and raised its price forecast to $18.5.
- QXO, Inc. (NYSE:QXO) stock fell 12.86% after the company priced its offering of nearly 90 million shares at $22.25 per share.
- CoreWeave, Inc. (NASDAQ:CRWV) stock dipped 12.85% amid profit-taking after a recent surge. HC Wainwright & Co. initiated coverage with a Neutral rating.
- Duolingo, Inc. (NASDAQ:DUOL) stock dropped 12.79% after DA Davidson maintained a Buy rating but lowered its price forecast to $500.
- Equinix, Inc.'s (NASDAQ:EQIX) stock declined 11.07% after several analysts cut their price forecasts.
- Equinor ASA (NYSE:EQNR) stock plunged 9.58% amid easing geopolitical tensions between Iran and Israel. President Trump's statement allowing China to buy Iranian oil and the company's North Sea project approval also added pressure.
- CF Industries Holdings, Inc. (NYSE:CF) stock fell 9.34% despite Morgan Stanley and Wells Fargo raising their price forecasts while maintaining neutral or overweight ratings.
- Ecopetrol S.A. (NYSE:EC) stock decreased 9.25% after it extended its agreement to cut ADR conversion fees by 50%. The broader energy sector also declined following a mild Iranian attack that caused oil prices to slip.
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