Channel programs News
Channel Stocks Winners And Losers Of 2022 (So Far)
Rick Whiting
It’s been a rough six months for stock markets and channel company stocks have not been immune from the big sell-off. Here’s a look at the (few) companies whose share prices increased in the first half of 2022 and the 10 companies with the biggest share price declines.
Channel Stocks Tumble As Stock Markets Plummet
For stock markets, the first six months of 2022 was the worst first half of a year since 1970. The major stock indices have been on a downward trajectory since the start of the year driven by economic uncertainty, inflation, ongoing supply chain issues and other forces.
Between the start of the trading year on Jan. 3 and the close of trading on June 30, the Dow Jones fell 15.27 percent to close at 30,775.43, while the tech-heavy NASDAQ plunged 29.90 percent to close at 11,028.74.
Of the 21 channel company stocks on the CRN watch list, only four recorded price gains in the first half of 2022. The remaining 17 saw the value of their shares fall – most by double-digit percentages and one losing more than 50 percent of its total value.
In many – if not most – cases channel companies saw the value of their shares fall despite reporting strong operating results in 2022.
Major solution providers whose stock prices have taken big hits in 2022 include Accenture (down 33 percent), CDW (down 23 percent), Cognizant (down 24 percent) and Unisys (down 42 percent).
Here‘s a look at the biggest stock price winners and losers so far in 2022. We start with the four publicly held channel companies that recorded share price gains in the first six months of the year. Then we list the 10 publicly held channel companies whose stock prices declined the most, concluding with the channel company with the biggest loss.
The rankings are based on the opening share prices on Jan. 3, 2022, and the stock closing prices on June 30, 2022.
