Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?

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

1. Tamboran Resources Corporation TBN stock fell 13.84% last week.
2. Gold Fields Limited GFI stock was down 12.37%. Recently, the gold mining sector saw M&A activity.
3. Snowflake Inc. SNOW shares tumbled 10.82% after the company reported second-quarter results, and several analysts lowered their price targets on the stock.
4. NetEase, Inc. NTES stock dived 9.30% after the company reported worse-than-expected second-quarter sales results.
5. Franklin Resources, Inc. BEN shares declined 8.12% after the company announced that Michael Buchanan had been appointed as its new Chief Investment Officer due to CIO Ken Leech’s leave of absence.
6. JD.com, Inc. JD shares were down 7.74% after Walmart Inc. WMT revealed plans to divest its stake in the company.
7. Temu parent PDD Holdings Inc. PDD stock declined 7.18% last week after China’s central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively. The stock also faced selling pressure ahead of second-quarter earnings.
8. Moderna, Inc. MRNA shares plummeted 5.77%.

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• Zoom Video, MicroStrategy And Target Were Among Top 11 Large Cap Gainers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?

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