Weekly Drawdown Report: July 11, 2026

Lululemon Is Down 77% as of July 11, 2026. What the Data Shows

As of July 11, 2026, Airbnb (ABNB) is down 32% from its all-time high and has been in this drawdown for approximately 1970 days. The Drawdown Severity Score™ for the stock stands at 5.0, placing it on the border of the red zone. Across our historical database of 831 tracked assets, 345 are currently flagged in the red zone, representing a significant portion of the market experiencing severe drawdowns.

Market Distribution: Red Zone Assets Rise to 41.5%

Our market-wide data shows significant divergence across the 831 total tracked assets in our database as of July 11, 2026. The average Drawdown Severity Score™ across all tracked assets has reached 5.2, indicating a market under notable stress. This average score sits inside the high-risk red zone, reflecting the depth and duration of current pullbacks across multiple sectors.

Currently, the red zone contains 345 assets, which represents 41.5% of our entire tracked universe. This category represents the most severe drawdowns in our database, where assets face deep price declines and extended recovery timelines. For example, Wheels Up Experience Inc. (UP) remains deep within this category with extreme drawdown metrics.

The yellow zone currently holds 220 assets, accounting for 26.5% of the database. These assets are experiencing moderate pullbacks or are in the early stages of potential trend reversals. They represent areas of the market where drawdowns are notable but have not yet reached critical historical thresholds.

Meanwhile, 266 assets remain in the green zone, representing 32.0% of our tracked universe. These assets show minimal drawdown severity, with many trading near their historical peaks or experiencing minor consolidations. This distribution highlights a highly bifurcated market where more than 40% of assets are struggling in deep corrections while nearly a third remain relatively healthy.

Weekly Zone Changes: Berkshire Hathaway and Casey's Move to Yellow

The week ending July 11, 2026, brought several notable shifts across our drawdown tracking zones. Ten assets crossed key risk thresholds, reflecting shifting momentum across various sectors.

In the retail and conglomerate spaces, Casey's General Stores, Inc. (CASY) and Berkshire Hathaway Inc. (BRK-B) both crossed from the green zone into the yellow zone. Each asset recorded a Drawdown Severity Score™ of 2.0, signaling the initial stages of a pullback from recent highs. These shifts are particularly noteworthy given the historically defensive nature of these large-cap companies.

Conversely, Air Products and Chemicals, Inc. (APD) improved from the yellow zone to the green zone. Its Drawdown Severity Score™ dropped to 1.9, indicating stabilization and a reduction in downward momentum. This recovery suggests buying pressure has returned to support the stock at its current levels.

In the technology and infrastructure sectors, Applied Digital Corp. (APLD) experienced a sharp deterioration. The stock crossed from the yellow zone into the red zone, with its Drawdown Severity Score™ rising to 5.1. This rapid drop highlights the volatile nature of infrastructure-focused technology assets in the current environment.

Mastec, Inc. (MTZ) also showed signs of softening, moving from the green zone to the yellow zone with a Drawdown Severity Score™ of 2.4. This transition indicates that the engineering and construction firm is beginning to experience a more pronounced correction.

In contrast, e-commerce giant MercadoLibre, Inc. (MELI) showed signs of recovery. It moved from the red zone to the yellow zone, with its severity score improving to 4.8. While still elevated, this shift indicates that the worst of the downward momentum has begun to subside.

Healthcare provider Elevance Health, Inc. (ELV) crossed into the high-risk red zone from the yellow zone. Its Drawdown Severity Score™ reached 5.0, reflecting a deeper and more prolonged drawdown. The stock has struggled to find support as sector-specific headwinds continue to weigh on its performance.

Financial institutions showed some resilience during the week ending July 11, 2026. Wells Fargo & Company (WFC) improved from the yellow zone to the green zone, registering a severity score of 2.0. Similarly, Cincinnati Financial Corp. (CINF) moved from yellow to green, with its severity score dropping to 1.7.

Finally, industrial giant Deere & Company (DE) slipped from the green zone into the yellow zone. Its Drawdown Severity Score™ reached 2.2, indicating a minor correction is underway. This movement suggests that industrial demand may be slowing, causing the stock to drift further from its recent highs.

Highest Severity Scores: The Most Extreme Drawdowns in the Market

The most extreme drawdowns in our database are represented by assets with exceptionally high severity scores. These assets have experienced near-total value destruction or multi-decade declines.

At the absolute peak of our severity list is UP. As of July 11, 2026, the stock has a Drawdown Severity Score™ of 22.1, with a massive drawdown of -99.7% spanning over 1822 days. This represents a near-total loss of value from its historical peak, with no signs of recovery.

Shipping operator Euroseas Ltd. (EU) presents a multi-decade decline. It has registered a severity score of 20.4, with a drawdown of -85.6% that has lasted for 5632 days. The duration of this decline highlights the deep cyclicality and long-term structural challenges within the global shipping industry.

Technology firm Nano Dimension Ltd. (NNDM) continues to struggle deep in the red zone. Its Drawdown Severity Score™ stands at 19.6, driven by a -98.3% drawdown over 3762 days. This prolonged decline reflects ongoing pressure on early-stage technology and additive manufacturing companies.

Software engineering firm EPAM Systems, Inc. (EPAM) also remains highly distressed. The stock is down -88.3% over 1704 days, resulting in a severity score of 18.9. This indicates that the IT services sector continues to face significant headwinds that prevent a sustained recovery.

Lastly, insurance giant American International Group, Inc. (AIG) remains burdened by its historical legacy. It holds a Drawdown Severity Score™ of 18.8, with a drawdown of -93.6% stretching across 9342 days. This multi-decade correction remains one of the longest-running drawdowns in modern financial history.

Approaching the Red Zone: Stocks on the Edge

A crucial segment of our database consists of assets that are on the verge of crossing into the red zone. These stocks have severity scores ranging from 4.0 to 5.0, representing heightened risk of further deterioration.

We track several prominent companies in this category as of July 11, 2026. Ingersoll Rand Inc. (IR) sits exactly on the threshold with a Drawdown Severity Score™ of 5.0, representing a -25.1% drawdown over 591 days. This indicates that the industrial conglomerate is facing sustained selling pressure that threatens to push it into our highest risk category.

Semiconductor equipment maker Camtek Ltd. (CAMT) also has a Drawdown Severity Score™ of 5.0, though its -30.7% drawdown has developed rapidly over just 60 days. The speed of this decline suggests intense momentum-driven selling in the semiconductor space.

Power producer Vistra Corp. (VST) matches them with a Drawdown Severity Score™ of 5.0, down -27.1% over 291 days. This indicates that even the utility sector, which often acts as a defensive haven, is experiencing notable corrections.

Infrastructure player Sterling Infrastructure, Inc. (STRL) is just behind with a Drawdown Severity Score™ of 4.9, down -31.3% over a short 36 days. This rapid correction reflects a sudden shift in market sentiment regarding infrastructure spending.

Financial institutions and technology providers are also represented here. Columbia Banking System, Inc. (COLO) has a severity score of 4.9, reflecting a -19.7% drawdown over an extensive 5723 days. This exceptionally long duration indicates a persistent, slow-burning correction.

Core banking software provider Jack Henry & Associates, Inc. (JKHY) also holds a severity score of 4.9, with a -25.5% drawdown lasting 1433 days. This reflects ongoing consolidation within the financial technology sector.

Finally, silicon IP provider Rambus Inc. (RMBS) is closely watching the red zone boundary. It has a severity score of 4.8, down -34.3% over 37 days. The quick development of this drawdown highlights the high beta nature of semiconductor intellectual property assets.

Historically Low Valuations Versus Their Own Historical Records

When evaluating assets experiencing deep price declines, comparing their current valuation multiples against their own history provides useful context. A low percentile means the multiple is low versus the asset's own past record. As of July 11, 2026, several assets in our database are trading at valuation multiples that sit at the very bottom of their historical ranges.

For instance, Byrna Technologies Inc. (BYRN) has experienced a -89.8% drawdown, resulting in a Drawdown Severity Score™ of 13.6. Its price-to-sales ratio has fallen to 0.81, compared to its historical median of 34.9, placing it in the 0.0 percentile of its historical range. This indicates that the stock's valuation multiple has compressed to its lowest level on record.

Similarly, media giant Comcast Corporation (CMCSA) is down -56.7% from its peak, with a Drawdown Severity Score™ of 10.8. Its current price-to-sales ratio of 0.67 is well below its historical median of 1.8, placing it in the 0.2 percentile of its own history. The company also trades at an EV/EBITDA percentile of 4.2 relative to its historical range.

Other notable companies show similar compression relative to their own past records. Molson Coors Beverage Company (TAP) has a Drawdown Severity Score™ of 10.9 and a price-to-sales ratio of 0.66, which sits in the 0.2 percentile. Cognizant Technology Solutions Corporation (CTSH) shows a price-to-sales ratio of 0.97 against a historical median of 2.8, placing it in the 0.3 percentile, with an EV/EBITDA percentile of 0.2.

The table below details these assets, showing their current price drawdowns and how their current price-to-sales multiples compare with their own historical medians.

In addition to price-to-sales metrics, some of these assets are also trading at historically low enterprise value-to-EBITDA multiples. For example, EPAM shows an EV/EBITDA percentile of 2.0, while Genpact Limited (G) sits at an EV/EBITDA percentile of 1.5. Other notable examples include Charter Communications, Inc. (CHTR) at an EV/EBITDA percentile of 6.4 and lululemon athletica inc. (LULU) at 0.8.

percentiles compare each stock only with its own history and are not recommendations.

Mega-Cap Check and Market Risk Framing

The broader market's health is often dictated by its largest components, and our data highlights some shifting dynamics among mega-cap assets. The transition of BRK-B into the yellow zone is a key signal. While a Drawdown Severity Score™ of 2.0 is relatively mild, the shift indicates that even the market's most defensive giants are starting to feel the impact of broader selling pressure.

In contrast, we are seeing selective stabilization within the financial sector. The recovery of WFC back into the green zone suggests that certain large-cap financial institutions are successfully finding support. This divergence between defensive conglomerates and large commercial banks illustrates the complex risk environment facing investors as of July 11, 2026.

We also observe deep structural drawdowns in major consumer and communication names. CMCSA and CHTR remain locked in severe drawdowns of -56.7% and -84.1% respectively. Their exceptionally high Drawdown Severity Score™ metrics of 10.8 and 18.6 reflect long-term secular headwinds that have persisted for years.

Similarly, LULU continues to navigate a severe drawdown of -76.7%, with its Drawdown Severity Score™ at 13.8. The depth of this correction for a major retail brand highlights how quickly market leaders can experience significant multiple compression when growth expectations shift.

What to Watch Next Week

As we look ahead to the coming week, our data highlights several key areas of potential volatility and zone transitions. We will be closely monitoring assets that are currently on the boundary of major risk categories.

First, the group of stocks sitting with a Drawdown Severity Score™ of 5.0, including IR, CAMT, and VST, are prime candidates for zone transitions. Any further price weakness next week will push these names firmly into the red zone, indicating a more severe risk profile.

Second, we are watching assets like STRL (severity 4.9) and RMBS (severity 4.8). Because their drawdowns have developed extremely rapidly, over 36 and 37 days respectively, their Drawdown Severity Score™ metrics could jump quickly if their downward momentum is not arrested.

Finally, we will watch whether recent green-zone entrants like WFC and CINF can maintain their improved status. If broader market conditions deteriorate, these assets could easily slip back into the yellow zone, signaling that the recent stabilization was only temporary.