Reported 3 days ago
In a year of significant gains for the S&P 500, five companies notably underperformed, facing challenges ranging from failed strategies to increased competition. Walgreens Boots Alliance suffered a 64% decline as its expansion plan faltered, while Intel faced a 60% drop due to market shifts and competition. Moderna's stock fell 58% as demand for its COVID-19 vaccine waned, and Celanese and Estee Lauder reported declines of 55% and 49%, respectively, due to economic slowdowns affecting their markets.
Source: YAHOO