Rivian, Chipotle Mexican And Sirius XM Are Among Top 10 Large Cap Losers Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?

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

• Tencent Music Entertainment Group TME shares dipped 18.18% after the company reported a second-quarter revenue miss. Several analysts cut the price target on the stock.
• Mobileye Global Inc. MBLY stock fell 5.92% last week. RBC Capital lowered its price target on the stock from $34 to $24.
• Rivian Automotive Inc.’s RIVN stock declined 5.37% after it reportedly halted production of the electric commercial van it makes for Amazon AMZN due to a parts deficit in the latest supply chain chaos.
• Chipotle Mexican Grill, Inc. CMG stock decreased 4.87% after the company announced that Chairman and CEO Brian Niccol would be leaving. Several analysts revised ratings and price targets on the stock.
• Lineage Inc LINE stock lost 4.08% in the last week.
• Sirius XM Holdings Inc. SIRI stock fell 3.85% last week after gaining earlier in the week on reports of Berkshire Hathaway (NYSE:BRK) increasing its stake in the company.
• Hershey Co HSY stock lost 3.23% after Goldman Sachs issued a Sell rating and a price target of $185 on the stock.
• Baxter International Inc. BAX shares were down 2.80% after the company announced a definitive agreement to divest its Vantive Kidney Care segment to Carlyle Group Inc. CG for $3.8 billion.
• Broadridge Financial Solutions Inc BR declined 2.76%.
• United Therapeutics Corporation UTHR shares decreased 2.38%.

Also Read:

• NVIDIA, Starbucks And Dell Are Among Top 10 Large Cap Gainers Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?

Photo courtesy Rivian

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