Latest News

These 21 large-cap stocks have now crashed at least 50%

0

Stocks soured on April 26, with major declines for broad indexes that underlined what a difficult year it has been, so far, for technology stocks.

Below is a list of 21 large-cap stocks that have dropped at least 50% from their 52-week highs.

The trading action for the indexes took a turn for the worse ahead of a slew of earnings announcements for major tech companies.

The Dow Jones Industrial Average
DJIA,
-2.38%

fell 809 points (or 2.4%) on Tuesday to close at 33,240 points. The Dow has now declined 8.5% for 2022 and 10% from its intraday high set on Jan. 5. (All price changes in this article exclude dividends.)

The benchmark S&P 500 Index
SPX,
-2.81%

was down 2.8% for the session. It has fallen 12.4% year-to-date and 13.4% from its intraday high on Jan. 4.

The worst-performing stock in the S&P 500 was Tesla Inc.
TSLA,
-12.18%
,
which sank 12.2%. Shares of Tesla have now declined 17.1% in 2022 and are down 29.5% from their intraday high on Nov. 4. Tuesday’s decline followed an agreement on April 25 for Twitter Inc.
TWTR,
-3.91%

to be acquired by Tesla CEO Elon Musk for $44 billion in cash.

The Nasdaq Composite Index
COMP,
-3.95%

dropped 4% and is now down 20.2% for 2022 and 23% from its intraday high, which was set on Nov. 22.

The Nasdaq-100 Index
NDX,
-3.87%

slipped 3.9%. It has fallen 20.3% this year and is down 22.4% from its intraday high on Nov. 22. (The Nasaq-100 is made up of the largest non-financial stocks in the Nasdaq Composite Index. It is therefore heavily weighted toward technology stocks. It is tracked by the Invesco QQQ Trust
QQQ,
-3.77%
.
)

Tech stocks suffer biggest declines

Combining the S&P 500 and the Nasdaq-100 and removing duplicates produces a list of 519 stocks and American depositary receipts listed on U.S. exchanges.

Among these 519 stocks, 21 have fallen 50% or more from their 52-week intraday highs:

Company

Ticker

Decline from 52-week high

Date of 52-week intraday high

Price change – April 26

Price change – 2022

Price change – 2021

Pinduoduo Inc. ADR Class A

PDD,
-2.13%

-75.9%

04/28/2021

-2.1%

-40.2%

-67.2%

Zoom Video Communications Inc. Class A

ZM,
-3.98%

-75.8%

07/07/2021

-4.0%

-46.5%

-45.5%

DocuSign Inc.

DOCU,
-6.18%

-73.2%

08/10/2021

-6.2%

-44.6%

-31.5%

PayPal Holdings Inc.

PYPL,
-4.65%

-73.0%

07/26/2021

-4.6%

-55.6%

-19.5%

Netflix Inc.

NFLX,
-5.48%

-71.7%

11/17/2021

-5.5%

-67.1%

11.4%

Moderna Inc.

MRNA,
-3.07%

-70.7%

08/10/2021

-3.1%

-42.6%

143.1%

Lucid Group Inc.

LCID,
-8.74%

-69.5%

11/17/2021

-8.7%

-53.6%

280.1%

Etsy Inc.

ETSY,
-1.91%

-67.5%

11/26/2021

-1.9%

-54.3%

23.1%

EPAM Systems Inc.

EPAM,
-5.39%

-63.5%

11/05/2021

-5.4%

-60.4%

86.5%

Penn National Gaming Inc.

PENN,
-4.33%

-61.9%

04/27/2021

-4.3%

-29.2%

-40.0%

IPG Photonics Corp.

IPGP,
-4.38%

-60.4%

04/27/2021

-4.4%

-46.2%

-23.1%

Ceridian HCM Holding Inc.

CDAY,
-4.11%

-56.9%

11/03/2021

-4.1%

-46.2%

-2.0%

Match Group Inc.

MTCH,
-3.66%

-56.3%

10/21/2021

-3.7%

-39.9%

-12.5%

Generac Holdings Inc.

GNRC,
-6.27%

-56.1%

11/02/2021

-6.3%

-34.7%

54.8%

Biogen Inc.

BIIB,
-3.52%

-55.8%

06/07/2021

-3.5%

-13.7%

-2.0%

Okta Inc. Class A

OKTA,
-6.29%

-54.7%

04/27/2021

-6.3%

-42.1%

-11.8%

Meta Platforms Inc. Class A

FB

-52.9%

09/01/2021

-3.2%

-46.2%

23.1%

Align Technology Inc.

ALGN,
-2.05%

-51.0%

09/23/2021

-2.0%

-45.0%

23.0%

Wynn Resorts Ltd.

WYNN,
-5.53%

-50.1%

06/02/2021

-5.5%

-19.8%

-24.6%

Atlassian Corp. PLC Class A

TEAM,
-4.20%

-49.7%

10/29/2021

-4.2%

-36.3%

63.0%

Charles River Laboratories International Inc.

CRL,
-8.55%

-49.7%

09/24/2021

-8.6%

-38.5%

50.8%

Source: FactSet

Click on the tickers for more about each company.

You should also read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

Don’t miss: Dividend Aristocrat stocks can help you keep ahead of inflation. These 15 take top prizes for raising payouts.

Earnings Results: Juniper stock drops after earnings; company says supply-chain impacts could linger

Previous article

Lucid stock climbs after EV maker announces sales deal with Saudi Arabia

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News