It’s hard to believe that we’ve already reached the halfway mark of 2015. The stock market has certainly had its fair share of winners and losers during the past six months.
Here’s a look at the five worst-performing S&P 500 stocks during the first half of 2015 (as of the July 1 closing price).
5. Michael Kors Holdings Ltd KORS 1.41%: -42.6 percent
Weakness in the company’s watch business, a slowdown in North American traffic, forex headwinds and West Coast port disruptions were just some of the reasons Michael Kors has missed badly on 2015 earnings. While the S&P 500 has climbed more than 0.9 percent this year, Michael Kors stock has fallen more than 42 percent.
4. Keurig Green Mountain Inc GMCR 0.4%: -43.1 percent
After making all-time highs in November of 2014, Keurig Green Mountain’s stock has been caught in a downdraft for most of 2015. A recent downgrade by UBS certainly didn’t help matters.
3. Chesapeake Energy Corporation CHK 9.98%: -45.5 percent
Chesapeake continues…
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