5 of the Worst S&P 500 Stocks in June

Photo of Chris Lange
By Chris Lange Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

June was a large turning point in the S&P 500, as the index went from being positive on the year to a negative stance. This broad index fell off more toward the end of the month, but it was helped along to this point by some of its equities. 24/7 Wall St. has included some of the top stocks that sank the S&P 500, along with some background information and color.

Micron Technology Inc. (NASDAQ: MU) was not treated well by the month of June. Analysts may have thought that Micron was going to turn itself around after a weak year thus far, but weak personal computer sales permeated Micron’s earnings, leading to further heartache. Over the course of the month, shares decreased 33.7%. The shares closed Tuesday up 0.6% at $18.84, in a 52-week trading range of $18.55 to $36.59. The stock has a consensus analyst price target of $31.27.

Chesapeake Energy Corp. (NYSE: CHK) suffered over the month of June due to poor performance. This company has been under fire from analysts for a while, not to mention that the natural gas price has tumbled due to a large storage increase. During the month, shares decreased 20.7%. Shares of Chesapeake closed Tuesday up 1.3% to $11.17. The consensus analyst price target is $15.23, and the 52-week trading range is$10.94 to $29.92.

ALSO READ: The 5 Best Stocks in the S&P 500 for June

CONSOL Energy Inc. (NYSE: CNX) is in the middle of spinning off its coal master limited partnership. However, not everything has gone according to plan. The IPO priced about 25% below its expected range, and it appears that it is feeling pressure on all sides. Over the course of the month, shares decreased 21.9%. They closed Tuesday down 1.3%, at $21.74 in a 52-week range of $21.44 to $46.61. The consensus price target is $36.88.

Windstream Holdings Inc. (NASDAQ: WIN) has not had a good month, or really quarter for that matter. The company reverse-split its stock in and spun-off a real estate investment trust (REIT) back in April, but it appears that the company is still paying for this. Shares decreased 19.0% in June and closed Tuesday down 2.4% to $6.38, in a 52-week trading range of $6.10 to $20.84. The consensus price target is $21.05.

Western Digital Corp. (NASDAQ: WDC) has been a victim of the personal computer business over the past month, and even the quarter. As previously referenced with Micron, the numbers are not looking good. Over the course of the month, shares decreased 18.8%. They closed Tuesday down 4.3% to $78.42. The stock has a consensus price target of $115.05 and a 52-week range of $78.33 to $114.69.

ALSO READ: The Worst Companies to Work For

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618