These were the worst performing ASX 200 shares last week

Worley Ltd (ASX:WOR) and Unibail-Rodamco-Westfield CDI (ASX:URW) shares were among the worst performers on the ASX 200 last week…

asx share price falling lower represented by investor wearing paper bag on head with sad face

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) was back on form last week and charged notably higher. The benchmark index jumped 3.5% over the five days to end the period at 6,840.5 points.

Unfortunately, not all shares were able to climb higher with the market last week. Here's why these were the worst performing ASX 200 shares last week:

Worley Ltd (ASX: WOR)

The Worley share price was the worst performer on the ASX 200 last week with an 8.3% decline. Investors were selling the engineering company's shares following the release of a trading update. That update revealed that Worley's performance has been impacted very negatively by COVID-19. As a result of these COVID headwinds and a stronger Australian dollar, Worley revealed that it expects to report half year aggregated revenue of $4.4 billion to $4.5 billion and underlying EBITA of $200 million to $210 million. This is down materially on the $5,998 million and $366 million, respectively, it reported in the prior corresponding period.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price wasn't far behind with a 7.6% decline over the five days. This appears to be related to the company's merger with Saracen Mineral, which completed last week. The transaction will create a new top 10 global gold major with immediate production of 1.6 million ounces per annum and a pathway to 2 million ounces. A decent pullback in the spot gold price last week also weighed on its performance.

Unibail-Rodamco-Westfield CDI (ASX: URW)

The Unibail-Rodamco-Westfield share price was out of form last week and dropped 7.4%. This decline appears to have been the result of profit taking after a strong rise a week earlier. That rise was driven indirectly by a short squeeze initiated by traders from Reddit in the United States. The shopping centre operator had a high level of its shares held short last month.

Service Stream Limited (ASX: SSM)

The Service Stream share price was a poor performer and dropped 6.8% over the period. This also appears to have been driven by profit taking after a strong gain by the essential network services company's shares last week. That followed news that it had won a major contract with telco giant Telstra Corporation Ltd (ASX: TLS).

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Service Stream Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

A bored woman looking at her computer, it's bad news.
Share Fallers

Why Brickworks, Nickel Industries, Polynovo, and Qantas shares are sinking today

These shares are having a difficult time on Tuesday. But why?

Read more »

plummeting gold share price
Gold

This $3 billion ASX 200 gold stock just crashed 15%! Here's why

Investors are punishing the ASX 200 gold stock today. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Capricorn, CBA, Endeavour, and Polynovo shares are tumbling today

These shares are ending the week in the red. But why?

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Fallers

Why Appen, Mesoblast, Rio Tinto, and Woodside shares are falling today

These shares are falling more than most on Thursday. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Coles, Ioneer, Treasury Wine, and Woolworths shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Healthco, Life360, Mineral Resources, and Origin Energy shares are sinking today

These shares are having a tough time on Tuesday. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Aurizon, Brainchip, Clarity, and Domino's shares tumbling today

These shares are under pressure on Monday. What's going on?

Read more »

A business woman looks unhappy while she flies a red flag at her laptop.
Share Fallers

These were the worst-performing ASX 200 shares in February 2025

These shares were sold off last month. Let's see what happened to them.

Read more »