The market sold off last week after seeing gains since the March 10th bottom. We broke the Russell 1,000 into deciles (10 deciles of 100 stocks) based on stock performance from 3/10 to Friday, April 4th and calculated the average stock performance of each decile during last week's selloff (4/4 close to 4/11 close).
As shown below, the stocks that were up the most during the rally were down the most last week, indicating that investors were taking recent gains off the table.
Below we highlight the best and worst performing Russell 1,000 stocks last week. As shown, FMD was down the most at -47.37%, followed by LNG, CIT, CC, GRMN and IMB. After its negative earnings report on Friday, GE made the losers list by declining 14.67% on the week.
MLNM topped the winners list after rising 50% last week. Other notables on the list of best performers include DAL, UAUA, WM and HAL.