Some stocks on Wall Street have been hit hard throughout the summer. Although the tech-heavy Nasdaq Composite and the Dow Jones Industrial Average have notched gains since May, these stocks within the Russell 1000 haven't been as lucky.
scanned FactSet data to screen for the Russell's hardest hit stocks from Memorial Day through Wednesday's 4:30 p.m. ET market close. The list compiles a given stock's decline as well as its average analyst forecast and the implied upside or downside from its target price. Hawaiian Electric has gained notoriety in recent weeks after wildfires ravaged the historic town of Lahaina in Maui.
mountain Novocure stock has declined 59% from Memorial Day through Wednesday's market close. However, nearly 67% of analysts polled by FactSet still rate Novocure stock as a buy, and expect shares to climb 102% from current trading levels. Apellis Pharmaceuticals is in a similar boat, with the stock slipping 54% from Memorial Day while 60% of analysts polled by FactSet still rate shares as a buy. Apellis shares had fallen after safety issues surfaced for its Syfovre injection.