In the first 30 days of October, the S&P 500 went up almost 1%. But there has been a lot of instability under that dull movement.
94% of stocks in the S&P 500 SPX-1.56% have gone up by at least 5% this month.
In the S&P 500, 55% of stocks have gone down this month, and 124 of them have gone down by 5% or more.
Here are the S&P 500 stocks that did the worst in October. Along with price changes from the last two years and from the end of 2021, changes for the current year are also included. This is done to account for the general drop in the stock market in 2022. This page only talks about price changes without dividends.
The stock of Qorvo QRVO -0.78% has dropped the most, by 29.3% in October. The stock dropped 27% on Wednesday after the company gave poor guidance for sales.
As one of the more well-known names on the list, Super Micro SMCI -13.09% has been through a time of uncertainty and weakness for its once-soaring stock since short-selling firm Hindenburg Research released a report detailing what it called “glaring accounting red flags.”
Emily Bary summed up this story as it was happening on Wednesday while reporting on the latest events, such as Ernst & Young’s departure as Super Micro’s auditor. Wednesday, the price dropped 33%.
Stocks that fell the most in October may make investors and buyers wonder if they can be bought at a low price. Analysts from brokerage firms asked by FactSet agreed that Qorvo’s price should reach $94.44 on Friday morning. The average price estimate for the week before was $121.47, so that was a 22% drop. It was 29% more than the stock’s last price, which was $73.04 on Wednesday. On the other hand, more than two-thirds of experts have given Qorvo’s shares a neutral rating.
