In this article, we take a look at five stocks that are losing today. If you want to take a look at some more stocks that are declining today and the latest market situation, go to Stocks to Watch on Thursday: Top 10 Losers.
5. Ford Motor Company (NYSE:F) has crashed 4.6% as of 12:26 PM ET after the Dearborn, Michigan-based auto manufacturer was downgraded from an Overweight to an Equal Weight rating by Brian Johnson at Barclays. The price target on Ford Motor Company (NYSE:F) was lowered from $23 to $17, reflecting a modest upside of just over 10.4% from the last closing price. The analyst thinks that despite the recent sell-off, the market has not fully incorporated the auto and auto parts industry risks due to inflationary pressure, supply chain disruptions, and the possibility of an increase in interest rate.
As of Q4 2021, Ford Motor Company (NYSE:F) was held by 53 hedge funds, with a combined value of nearly $1.71 billion. As the leading investor in the company, D E Shaw is long over 28 million shares of Ford Motor Company (NYSE:F).
4. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 6.1% as of 12:28 PM ET after the Taiwanese semiconductor company was downgraded from a Buy to a Neutral rating by Donnie Teng at Nomura. The price target of $11 was maintained on the stock. The stock price of Himax Technologies, Inc. (NASDAQ:HIMX) has lost 33% of its value in the last twelve months and over 24% since the start of 2022. The analyst thinks that the guidance provided by Himax Technologies, Inc. (NASDAQ:HIMX) does not incorporate the impact of weaker demand along with pricing pressure.
Of the 924 hedge funds in Insider Monkey’s database, Himax Technologies, Inc. (NASDAQ:HIMX) was held 20 hedge funds, with a cumulative value of $257.1 million as of Q4 2021.
3. Wayfair Inc. (NYSE:W) is down 1% as of 12:28 PM ET after the Boston, Massachusetts-based e-commerce company was downgraded from an Equal Weight to an Underweight rating by Zachary Fadem at Wells Fargo. Meanwhile, the price target on Wayfair Inc. (NYSE:W) was revised from $110 to $100. The analyst is getting more cautious about Wayfair Inc. (NYSE:W) stock due to sensitivities related to the macroeconomic impact on big-ticket and housing items related retailers.
At the end of Q4 2021, Wayfair Inc. (NYSE:W) was held by 28 hedge funds, down from 31 in the preceding quarter.
2. Twitter, Inc. (NASDAQ:TWTR) is down 7.2% as of 12:29 PM ET after reports that the employees have shown concerns over the company’s future following the appointment of Tesla Inc’s CEO Elon Musk to its board. Musk revealed a 9.2% stake in Twitter, Inc. (NASDAQ:TWTR) this week, becoming the company’s top shareholder. Earlier today, Musk tweeted that the next meeting of Twitter, Inc.’s (NASDAQ:TWTR) board of directors will be ‘lit’ but did not share any details.
As of Q4 2021, Twitter, Inc. (NASDAQ:TWTR) was held by 83 hedge funds, down from 94 in the previous quarter.
1. Hawaiian Holdings, Inc. (NASDAQ:HA) has declined 4.5% as of 12:28 PM ET after Goldman Sachs reiterated a Sell rating on the stock and slashed the target price from $10 to $9. The target price reflects a potential downside of over 50% from the last closing price of the Honolulu-based airline.
Overall, 14 hedge funds reported owning a stake in Hawaiian Holdings, Inc. (NASDAQ:HA) at the end of Q4 2021. Third Avenue Management is the leading hedge fund investor in Hawaiian Holdings, Inc. (NASDAQ:HA), with a stake worth over $18 million.
You can also take a peek at the 10 Best Dividend Stocks for College Students and 10 Blue Chip Stocks in Warren Buffett’s Portfolio.
