It was another positive week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index continued its impressive run and climbed…
The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia. –
It was another positive week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index continued its impressive run and climbed 0.2% or 16.9 points to end the period at 7,312.3 points.
Unfortunately, not all shares climbed higher with the market. Here’s why these were the worst performers on the ASX 200 last week:
NRW Holdings Limited (ASX: NWH)
The NRW share price was the worst performer on the ASX 200 last week with a 7.4% decline. This was despite there being no news out of the mining services company during the period. However, tough trading conditions have been weighing on the company’s shares this year. So much so, the NRW share price is now down by almost 50% since the start of the year.
HUB24 Ltd (ASX: HUB)
The HUB24 share price was out of form and tumbled 6.4% lower over the five days. Once again, this was despite there being no news out of the investment platform provider. However, with the HUB24 share price up 19% year to date even after this decline, this weakness could have been driven by profit taking from some investors.
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price was the next worst performer with a 6.4% decline. This may have been driven by concerns over the stuttering travel market recovery from the pandemic. Particularly given the recent lockdowns in Victoria and border closures. In addition to this, with the Corporate Travel Management share price still up over 21% since this time last month, profit taking could also be weighing on its shares.
Virgin Money UK (ASX: VUK)
The Virgin Money UK share price was a poor performer and fell 5.1% during the five days. This was despite there being no news out of the UK based bank. Though, last month analysts at Morgans downgraded the company’s shares to a hold rating with a $3.45 price target. It appears to believe its shares are fully valued at the current level.
The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of May 24th 2021
BlueScope (ASX:BSL) share price jumps on broker upgrade today
These ASX shares just got hit by broker downgrades
James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hub24 Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.