Why Harmony Gold Mining Company Limited (HMY) Lagged Performance on Wednesday

We precocious published an nonfiction titled These 10 Firms Led Lagged Performance connected Wednesday. In this article, we are going to instrumentality a look astatine wherever Harmony Gold Mining Company Limited (NYSE:HMY) stands against the different stocks.

Wall Street’s large indices finished successful the greenish territory anew connected Wednesday arsenic worries astir tariff policies and the Federal Reserve’s independency tapered disconnected pursuing President Donald Trump’s assurance that helium had nary intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 roseate by 1.67 percent, portion the Dow Jones accrued by 1.07 percent.

Ten companies, connected the different hand, led the highest declines, booking humble losses during the trading session.

In this article, we person identified Wednesday’s 10 worst-performing stocks and elaborate the reasons down their lagging performance.

To travel up with the list, we considered lone the stocks with much than $2 cardinal successful marketplace capitalization and $5 cardinal successful trading volume.

An unfastened pit excavation with dense excavation machinery toiling distant against the backdrop of a hidden valley.

Harmony Gold Mining Company Limited (NYSE:HMY) dropped its stock prices for a 2nd day, shedding 5.76 percent to decorativeness astatine $16.03 apiece arsenic investors continued to merchantability disconnected positions amid the driblet successful spot prices of gold.

As of 4:46 PM EDT connected Wednesday, golden spot prices were down by 2.73 percent astatine $3,288.44 per ounce.

In caller news, Harmony Gold Mining Company Limited (NYSE:HMY) earned a higher terms people of ZAR 295 from ZAR 205 previously, portion keeping a clasp standing connected the shares.

Earlier this year, the institution said that its nett income successful the archetypal semester grew by 33 percent to R7.9 cardinal from R5.96 cardinal successful the aforesaid play a twelvemonth earlier, arsenic revenues roseate by 18 percent to R37.1 cardinal from R31.4 billion, with golden revenues contributing to full gross growth, expanding 19 percent to R35.4 cardinal from R29.7 million.

Overall HMY ranks 9th connected our database of the worst performing stocks connected Wednesday. While we admit the imaginable of HMY arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than HMY but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.