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Several top Russell 1000 stocks drop over 20% in a week, led by Ciena's nearly 30% plunge.

Market News
12 Jun 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Since June 2nd, the Russell 1000 index has declined over 3%, with some of its biggest losers falling more than 20% in just one week. Ciena experienced the steepest drop, tumbling nearly 30% after a strong 168% gain earlier in the year. Other notable stocks down at least 20% include Enphase Energy, AST SpaceMobile, MP Materials, Guidewire Software, SailPoint, QuantumScape, Aurora Innovation, and Lumentum. This sharp decline highlights increased volatility and potential investor caution in these high-momentum stocks.

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