In this article, we take a look at five stocks that are losing value on Tuesday. If you want to take a look at some more stocks that are declining today and the latest market situation, go directly to These 10 Stocks are Losing Ground Today.
5. CVS Health Corporation (NYSE:CVS) has declined over 2.5% as of 11:56 AM ET after the Woonsocket, Rhode Island-based drugstore was downgraded from a Buy to a Hold rating by George Hill at Deutsche Bank. Hill downgraded the stock stating that he sees the company’s numerous risks ahead of itself. The analyst maintained a price target of $110, which reflects an upside potential of 1.8% from the last closing price. Of the 924 hedge funds in Insider Monkey’s database, 71 reported owning a stake in CVS Health Corporation (NYSE:CVS) as of Q4 2021.
4. GameStop Corp. (NYSE:GME) has plummeted more than 4.4% as of 11:15 AM ET after the trading of its stock was briefly halted in the early trading session by the New York Stock Exchange (NYSE) authorities. The trading was halted due to significant volatility and larger-than-usual volume during pre-market trading. Despite the decline today, the stock price of GameStop Corp. (NYSE:GME) has soared by more than 40% since the start of the month. One of the favorite meme stocks on Wall Street was reported to be held by 14 hedge funds as of Q4 2021.
3. The Mosaic Company (NYSE:MOS) is down 6.7% as of 11:45 AM ET. The company is one of the worst-performing stocks in the S&P 500 Index today as peace talks between Russia and Ukraine are gaining momentum. The ease in conflict would reopen opportunities for Russia to export its fertilizer to the world and would lower the market clout of North American fertilizer companies like The Mosaic Company (NYSE:MOS). As of Q4 2021, The Mosaic Company (NYSE:MOS) was in the portfolio of 46 hedge funds, up from 40 in the previous quarter.
2. Ball Corporation (NYSE:BLL) has lost 3.9% of its value as of 12:20 PM ET after the Westminster, Colorado-based packaging company disclosed that it would reduce its operations from the three manufacturing facilities in Russia immediately and would look to divest its investment in the country. The Russian market is responsible for contributing 4% to the Ball Corporation’s (NYSE:BLL) net sales and 8% to the operating earnings. At the end of Q4 2021, Ball Corporation (NYSE:BLL) was held by 32 hedge funds.
1. Conn’s Inc. (NASDAQ:CONN) is down over 9.1% as of 12:33 PM ET after the Woodlands, Texas-based specialty retail company reported lower than expected Q4 2021 earnings. Revenue increased by 9.4% YoY to $402.49 million but failed to meet the consensus estimate of $412.44 million. Meanwhile, the non-GAAP EPS of 33 cents missed the analysts’ estimate of 48 cents. Of the 924 hedge funds in Insider Monkey’s database, 10 funds held a stake in Conn’s Inc. (NASDAQ:CONN) with a combined value of $38.8 million at the end of Q4 2021.
You can also take a peek at the 9 Best Clean Energy Stocks To Buy Today and 10 Undervalued Small-Cap Stocks to Buy Now.
