It has been a tumultuous year for the stock market, with various industries being impacted by the ongoing global pandemic. While some companies have managed to weather the storm, others have seen their stock prices plummet. In this article, we will take a look at the top 10 worst performing stocks of the year.
First on the list is the energy company Chesapeake Energy Corporation.
The company, which was already struggling prior to the pandemic, was hit hard by the drop in demand for oil and gas. As a result, its stock price has plummeted, making it one of the worst performing stocks of the year.
Next is cruise operator Carnival Corporation.
The global lockdown measures put in place to curb the spread of the virus have dealt a heavy blow to the company’s operations, with many of its cruise ships being unable to sail. As a result, its stock price has dropped significantly.
Third on the list is hotel chain Marriott International.
The pandemic has led to a significant drop in travel, which has hit the company’s bottom line. Its stock price has fallen as a result.
Fourth is Boeing, the aircraft manufacturer.
The company was already struggling prior to the pandemic, with the ongoing issues surrounding its 737 MAX plane. The pandemic has only exacerbated the situation, with a drop in demand for air travel leading to a drop in the company’s stock price.
Fifth is Delta Air Lines.
Like other airlines, the company has been hit hard by the drop in demand for air travel due to the pandemic. Its stock price has fallen as a result.
Sixth is clothing retailer Gap Inc.
The company, which was already facing challenges prior to the pandemic, has been hit hard by the shutdown of brick-and-mortar stores. Its stock price has dropped significantly as a result.
Seventh is department store chain Macy’s.
The company, which was already struggling prior to the pandemic, has been hit hard by the shutdown of brick-and-mortar stores. Its stock price has fallen as a result.
Eighth is car rental company Hertz Global Holdings.
The company, which was already facing challenges prior to the pandemic, has been hit hard by the drop in demand for travel. Its stock price has fallen significantly as a result.
Ninth is retailer J.C. Penney.
Like other brick-and-mortar retailers, the company has been hit hard by the shutdown of stores. Its stock price has dropped significantly as a result.
Finally, rounding out the top 10 worst performing stocks of the year is mall operator Simon Property Group.
The company, which was already facing challenges prior to the pandemic, has been hit hard by the shutdown of brick-and-mortar stores. Its stock price has fallen significantly as a result.
In conclusion,
it has been a challenging year for many companies, with the global pandemic having a major impact on various industries. The top 10 worst performing stocks of the year have been hit particularly hard, with their stock prices plummeting as a result of the challenges they have faced.