Intel, UnitedHealth And Rocket Lab Are Among Top 11 Large Cap Losers Last Week (Dec 2-Dec 6): Are The Others In Your Portfolio?

Lekha Gupta

December 08, 2024

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

Texas Pacific Land Corporation (NYSE:TPL) stock tumbled 16.35%, probably due to OPEC's supply decision.
Microchip Technology Incorporated (NASDAQ:MCHP) shares plummeted 13.03% after the company announced it halted its application for U.S. semiconductor government grants and cut revenue guidance for the December 2024 quarter.
Intel Corporation (NASDAQ:INTC) shares dived 13.01% after the company announced the retirement of CEO Pat Gelsinger.
KB Financial Group Inc (NYSE:KB) stock declined 12.68%.
Guidewire Software, Inc. (NYSE:GWRE) stock dipped 12.48% after it reported first-quarter results. Analysts revised their price forecast on the stock.
Toast, Inc. (NYSE:TOST) stock fell 10.86%. It expanded its partnership with Uber Technologies, Inc. (NYSE:UBER) to give restaurants more choices and provide guests additional delivery options. Several analysts downgraded the stock.
UnitedHealth Group Incorporated (NYSE:UNH) stock declined 9.93% following the fatal shooting of the insurance division's CEO Brian Thompson outside a Manhattan hotel where the company was hosting its annual investor conference.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stock fell 9.83% last week due to the threat of new tariffs on Canada, which could impact several sectors, including transportation companies.
Halliburton Company (NYSE:HAL) stock lost 9.67% last week due to ongoing conflict in the Middle East affecting commodity prices.
POSCO HOLDINGS INC. (NYSE:PKX) shares decreased 9.67%, probably after South Korean President Yoon Suk Yeol declared martial law.
Rocket Lab USA, Inc.'s (NASDAQ:RKLB) stock dipped 9.53% last week due to profit-taking in the sector. The company also stated it would announce the launch window for its sixth synspective mission on December 18.

Image via Shutterstock

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