The recent explosive growth in equity markets has bypassed some companies. Their stocks edged lower, making them the worst-performing corporations.
Virgin Galactic, Discovery Communications, and Twitter suffered the most in April. The shares of Virgin Galactic Holdings Inc. tumbled by 27.69% over the month from $30.63 to $22.15. Discovery Communications’ shares sank by 13.85% to $37.66 per share. Twitter Inc's stock lost 13.22%, dropping to $55.22 from $63.63.
The shares of Bed Bath & Beyond, Peloton, and TripAdvisor went down by 13.14%, 12.53%, and 12.38% respectively. A decline in equity was also experienced by First Solar (-12.34%), Lyft (-11.9%), Cleveland-Cliffs (-11.19%), and iRobot (-10.95%). The stocks of Russia's United Wagon Company and Tatneft slipped by 26.58% and 14.76% respectively.
