As financial uncertainty rattled markets within the second quarter, 758 of the 865 U.S.-listed shares coated by Morningstar analysts declined, up from 554 within the prior quarter, in response to a weblog submit this week by Jakir Hossain, an affiliate markets information journalist at Morningstar.com.

Amongst decliners, 301 shares fell by greater than 20%, and 25 noticed greater than half their market cap erased. Retailers and software program firms have been among the many worst performers towards a backdrop of rising rates of interest and demand tempered by recession fears.

Hossain wrote that Morningstar Star Rankings underwent broad adjustments due to the big variety of shares that declined within the second quarter. The scores rank shares from 1 star to five stars, based mostly primarily on valuations. Shares with a 1-star score are the costliest, and people with 5 stars are thought-about undervalued. 

Twenty-eight % of shares with a star score change fell into undervalued territory within the quarter, whereas solely 3% turned overvalued.

See the gallery for the 10 shares with the worst second-quarter efficiency.