Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

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

1. EPAM Systems, Inc. EPAM shares tumbled 24.6% after it lowered its FY24 revenue guidance. Several analysts trimmed the price target on the stock.
2. Shopify Inc. SHOP shares declined 24.4% following first-quarter FY24 earnings. Many analysts revised the price targets on Shopify following the earnings announcement.
3. Roblox Corporation RBLX shares plunged 20.5% after it issued weak guidance. Several analysts cut the price target on the stock.
4. Builders FirstSource, Inc. BLDR shares are down 15.7%  following first quarter earnings. Some analysts cut the price target on the stock.
5. Palantir Technologies Inc. PLTR shares were down 15.5% following soft revenue guidance. Many analysts revised the price target on the stock.
6. Astera Labs, Inc. ALAB shares were down 13% after the company reported Q1 financial results.
7. Suzano S.A. SUZ shares decreased 13.98% following a report suggesting that it made an offer to acquire International Paper as well as weak first quarter FY24 results. 
8. Telefonica Brasil S.A. VIV shares fell 11.8% after the company reported Q1 financial results and analysts trimmed the price target.
9. Airbnb, Inc. ABNB shares decreased 9.3% after the company reported Q1 financial results. Many analysts revised the price target.
10. Walt Disney Company DIS shares are down 7.3% following a Q2 revenue miss. Several analysts cut the price target on the stock.

Also Read: These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?

Photo: Shutterstock