February proved to be a difficult month for many investors, with several stocks underperforming in the market. Here are 10 stocks that struggled the most during the month.
Lumen Technologies Inc. was one of the top underperformers in February, falling over 19% during the month. This drop can be attributed to disappointing earnings results and weak guidance for 2023.
Match Group Inc. also struggled in February, with its stock dropping over 14%. The company’s earnings report showed weaker-than-expected revenue growth, causing investors to become cautious about the dating app’s future performance.
Moderna Inc. saw its stock decline by over 12% in February. Despite positive news about the company’s COVID-19 vaccine, investors were disappointed with the company’s fourth-quarter earnings report, which showed lower-than-expected revenue.
Dish Network Corp. Class A was another underperformer in February, dropping over 11%. The satellite TV provider’s fourth-quarter earnings report missed revenue expectations, and the company also saw a decline in its subscriber base.
WestRock Co. saw its stock fall over 11% in February. The packaging company’s earnings report showed lower-than-expected revenue, which caused concern among investors.
V.F. Corp., a clothing and footwear company, also struggled during the month, with its stock dropping over 10%. The company’s earnings report showed weaker-than-expected revenue growth and reduced guidance for 2023.
Organon & Co. saw its stock decline by over 9% in February. The pharmaceutical company’s fourth-quarter earnings report missed revenue expectations, causing investors to become cautious about the company’s future performance.
Akamai Technologies Inc. was another underperformer in February, dropping over 9%. The cloud services provider’s fourth-quarter earnings report showed lower-than-expected revenue, leading to concerns about the company’s growth prospects.
Newmont Corp., a mining company, also struggled during the month, with its stock dropping over 8%. The company’s earnings report showed lower-than-expected revenue as well as increased costs for some of its mining operations.
Finally, International Flavors & Fragrances Inc. saw its stock decline by over 8% in February. The company’s earnings report showed weaker-than-expected revenue growth and reduced guidance for 2023.
February was a challenging month for these 10 stocks, with disappointing earnings reports and weaker-than-expected revenue growth causing concern among investors. However, it is important to note that past performance is not always indicative of future results, and investors should always do their own research and due diligence before making any investment decisions.