Each week Forcerank runs a variety of games covering different industries. What we have found, is that the lowest ranked companies in their respective games deliver the biggest negative price movement and vice versa for those in the top position. This week we look at a list of companies that are consistently at the bottom of their respective games. They include Intel (NASDAQ:INTC), eBay, Zendesk, Symantec (NASDAQ:SYMC) and Match Group (NASDAQ:MTCH).
Intel Corporation (NASDAQ:INTC) | Semiconductors: Intel shares have edged down after the company gave slightly disappointing guidance, despite reporting an earnings beat this past week. The chipmaker said it expects $15.7 billion in revenue for the fourth quarter against analyst’s forecast of $15.87 billion in revenue. Shares are now down 7% in the past 5 days and are showing signs of making further losses. It started with a bearish crossover in the MACD in early October that was aggravated by the third quarter report. Share prices are currently below the 20- and 50-day moving average as it approaches the longer term 200-day average. Its volume profile for the year indicates that the stock is more consistently priced near $32, about $3 below where its trading today.
eBay Inc. (NASDAQ:EBAY) | Ecommerce: The online marketplace plunged in the rankings this week after management issued a weak Q4 outlook following its recent earnings report. Average user ranks dropped from 5.2 to 6.59 this week on weak guidance and in anticipation of further declines. This is now the third-lowest ranked company just ahead of Ctrip and Groupon (NASDAQ:GRPN). Shortly following its report we saw a massive selloff that spurred a bearish crossover in its 20 and 50 day moving average and also the MACD. The stock’s one year volume profile is consistent with a $24 price point, nearly $5 below its current trading price. Beyond technicals, eBay is still fundamentally challenged. Growth remains threatened by heavy competition, particularly the growing dominance of online retailer Amazon (NASDAQ:AMZN).
Zendesk Inc. (NYSE:ZEN) | Small Enterprise Software: Zendesk’s freefall started almost 2 weeks ago and has yet to taper. Shares are down almost 11% in the past 30 days as many of its technicals edge down. Current share prices are well below its 20- and 50-day averages as it pushes toward the long-term average. Forcerank users have maintained pessimism this month, continually pushing the stock down the ranks each week. Zendesk is now the worst-ranked stock in the small enterprise software contest, below perennial losers in Box (NYSE:BOX) and Tableau (NYSE:DATA).
Symantec Corporation (NASDAQ:SYMC) | Large Enterprise Software: The cyber security sector was dealt a few major blows this month. The first matter came after Fortinet (NASDAQ:FTNT) warned that demand for digital protection is slowing. More recently the DDoS attack exposed a huge hole with security providers. The attack shut down many popular websites and perhaps proved that these companies aren’t prepared for a wide-scale attack. Shares of Symantec were trending lower following the disruption but have since recovered. Forcerank users are still not confident that the stock will continue its year-long surge, especially as earnings estimates edge down ahead of its report.
Match Group Inc. (NASDAQ:MTCH) | Social Media: All signs are pointing to a broader pullback from the dating consortium that has jumped over 40% in 2016. Fundamentally the company remains challenged given its weak revenue model. Many of the dating apps hosted by Match Group offer a free service that is enough to satisfy users. The company must expand its brand to support sustainable top and bottom line. Its technicals might look even worse than the fundamentals. The stock is clearly overbought with a relative strength index just below 80, the benchmark that typically triggers a large sell off. Additionally, its volume profile for the past 6 months is consistent with a $16 stock price, over 15% below its current trading price. A trend down toward this price would fill a gap formed at $18 that has yet to be filled. Forcerank users are confident that a downturn is coming shortly and have ranked the dating group in the bottom 3 for multiple weeks.