6 Biggest Stock Losers in the Nasdaq on Monday

Illumina, Marriott and Booking saw shares of their stock fall hard today. The tech-heavy Nasdaq fell 1.6% today.
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Here are the worst-performing stocks in the tech-heavy Nasdaq for Monday by their performance in percentage change at the end of trading on Sept. 21.

1. Illumina | Decreased -8.66%

Illumina  (ILMN) - Get Report announced on Monday that it will acquire Grail for $3.5 billion in cash and $4.5 billion in shares, granting it access to a specialized blood testing technology platform. Grail, a cancer-diagnostic company backed by Amazon CEO Jeff Bezos, filed with the SEC to go public in early September..

2. Marriott / Decreased -6.96% 

Marriott was upgraded to buy due to their resilience during the coronavirus pandemic. In May, Marriott  (MAR) - Get Report reported its quarterly earnings that came below analysts’ estimates at $84.97. Marriott International has been below a death cross since March 17. 

3. Booking Holdings Inc | Decreased -4.71%

Booking Holdings  (BKNG) - Get Report reported earlier this month with a second-quarter loss of $10.81 per share. The company previously reported earnings per share of $23.59 in the year-ago quarter. In August, Booking announced that it will layoff 25% of its workforce due to the coronavirus pandemic.

4. NXP Semiconductors | Decreased -3.75%

NXP Semiconductors announced its quarterly dividend at the end of August. In May, U.S.-Dutch chipmaker NXP Semiconductors  (NXPI) - Get Report named Kurt Sievers as its new CEO, replacing Richard Clemmer who is now a strategic adviser at the company.

5. Fiserv Inc | Decreased -3.73%

The small business payment processor Fiserv’s  (FISV) - Get Report Clover payments platform saw a 32% growth in July. The company’s president and CEO Frank Bisignano said in August that the transaction volumes are still increasing now that businesses were reopening. 

6. Micron Technology | Decreased -2.90%

Last week, shares of Micron increased by 6.8% to $49.23 after Goldman Sachs upgraded the stock from buy from neutral and affirmed a $58 price target. The company’s stock has underperformed this year as it fell 11% year to date, tied to pricing weakness in DRAM and NAND products. Micron  (MU) - Get Report was cut to hold in August as its memory chips face a tough quarter.

All stock prices and activity referenced are pulled from Barchart.com