- Mister Stonks
- Posts
- Biggest stock decreases (Jan 21)
Biggest stock decreases (Jan 21)
The information provided does not constitute financial advice and may contain inaccuracies. Investing in stocks involves risks. Qualified financial advice is recommended before making any investment decisions.
Company | 7 days | 24 hours |
|---|---|---|
iRobot (IRBT) | -6.0% | -13.2% |
Walgreens (WBA) | -8.1% | -12.7% |
Rivian Automotive (RIVN) | -2.1% | -7.0% |
First Solar (FSLR) | -1.8% | -6.5% |
EVgo (EVGO) | -17.7% | -5.4% |
iRobot (IRBT)
Provides AI and robotics solutions, including autonomous vacuum cleaners (Roomba) and floor moppers (Braava)
iRobot's preliminary Q4 2024 revenue fell short of expectations due to increased promotional spending, leading to a drop in its stock price. (Nasdaq, Jan 14, ‘25)
The failed acquisition by Amazon, combined with significant debt and poor financial performance, has made iRobot a risky investment, with its stock price down 95% since 2021. (The Motley Fool, Jul 23, ‘24)
Walgreens Boots Alliance (WBA)
Operates retail pharmacies and health and wellness services.
Walgreens' stock price has plummeted by over 60% in the past year due to various factors, including a dividend cut, a write-down for its VillageMD acquisition, and a sharp decline in profits. (The Motley Fool, Jan 21 ‘25)
The Department of Justice (DOJ) filed a lawsuit against Walgreens, accusing it of filling millions of unlawful opioid prescriptions, which caused the stock to drop by over 12%. (Nasdaq, Jan 21, ‘25)
Rivian Automotive, Inc. (RIVN)
Develops and manufactures electric vehicles such as SUV's and pickup trucks.
Rivian's stock price fell due to investor concern over the Trump administration's anti-EV stance, despite recent production increases and a new joint venture with Volkswagen. (Motley Fool)
First Solar (FSLR)
Manufactures solar panels and provides utility-scale PV power plants and supporting services.
Despite potential challenges in the solar market, BMO Capital Markets maintains a positive outlook on First Solar, keeping an "Outperform" rating and a $260 price target. (Investing.com)
Despite a strong year for First Solar's stock, with a 20% increase, the company's shares are still trading below their 52-week high due to market volatility and concerns about large-scale solar energy projects. (Barchart, Oct ‘24)
EVgo (EVGO)
An electric vehicle fast charging network in the US.
EVgo's stock plunged by over 30% this week after LS Power, a major shareholder, sold 23 million shares, shaking investor confidence in the company. (Motley Fool, Dec ‘24)