Investing
4 Companies That Have Destroyed Shareholders
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As earnings season is underway, some analysts are expecting earnings disappointments going forward, as S&P Global Market Intelligence expects earnings for the S&P 500 to shrink by about 8% in the first quarter.
So we might be seeing more companies destroying shareholders as this earnings season rolls on. Although the markets have made their comeback, some stocks are still slowing that recovery and punishing their shareholders.
We have picked out some companies that punished shareholders last week. Among the active stocks, these all issued or had news that pushed shares down.
24/7 Wall St. has included their recent trading history, as well as the 52-week trading range and the consensus analyst price target. This week’s list of companies that destroyed shareholders was Sarepta, Netflix, Lakeland and TransEnterix.
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