10 Big Names Investors Are Dumping

Ten companies performed in a lackluster note on Wednesday, tracking a broader market pessimism, amid key macroeconomic developments that triggered sell-offs.

Meanwhile, the Dow Jones was the sole gainer among all Wall Street indices, up 0.57 percent. In contrast, the S&P 500 and the tech-heavy Nasdaq both dropped by 0.10 percent and 0.33 percent, respectively.

In this article, we name the 10 worst performers on Wednesday and detail the reasons behind their drop.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

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10. Grab Holdings Ltd. (NASDAQ:GRAB)

Grab Holdings snapped a nine-day winning streak on Wednesday, shedding 3.48 percent to close at $6.10 apiece as investors soured on a rating downgrade for its stock, while taking profits from the previous days’ gains.

Earlier in the day, investment firm HSBC downgraded Grab Holdings Ltd. (NASDAQ:GRAB) to “hold” from “buy” previously, but slightly raised its price target to $6.20 from $6 prior.

The latest closing price was just 29 cents shy of its highest 52-week price of $6.42.

According to HSBC, the revision was based on its concerns regarding the company’s valuation, with its stock price already surging by more than 70 percent over the past 12 months, outperforming the Nasdaq’s 26 percent gain during the same period.

HSBC said that current valuations appear to be stretched, with the stock already trading at 80x PE for 2026 estimates.

Last month, Grab Holdings Ltd. (NASDAQ:GRAB) announced a strategic investment in WeRide.

The investment is part of a strategic partnership between both companies to accelerate the deployment and commercialization of Level 4 Robotaxis and shuttles in Southeast Asia.

9. Cleveland-Cliffs Inc. (NYSE:CLF)

Shares of Cleveland-Cliffs Inc. (NYSE:CLF) dropped for a second day on Wednesday, shedding 3.67 percent to close at $11.29 apiece as investors unloaded positions while in a wait-and-see mode on President Donald Trump’s visit to the UK, where issues on the steel industry are expected to be discussed.

A day before Trump flew to Britain, the US government dashed hopes of zero tariffs on steel imports from UK, leaving the latter “disappointed.”

The two countries signed a trade deal in June that lowered levies on cars and aerospace imports, but failed to discuss terms related to steel imports.

However, the UK said it remained hopeful for a trade deal on the said industry after Trump signaled a tariff relief for the sector.

For Cleveland-Cliffs Inc. (NYSE:CLF), any move to maintain tariffs on steel imports would be beneficial for the company, as it could gain competitive advantage against its international competitors through lower pricing and costs, among others.