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The Biggest Tech Stocks Winners And Losers In 2022
Here is a look at the technology company stocks that recorded the biggest price gains and declines in 2022. Take a look to see how the shares of leading IT companies like IBM, VMware, Rackspace and Zoom performed during the year.
Turbulent 2022 Was A Tough Year For Tech Stocks
Last year was the worst year for U.S. stocks since 2008 in the midst of “The Great Recession” with the S&P 500 down nearly 20 percent for the year and the Dow down close to 9 percent.
The year was especially tough for tech stocks, which generally had one of their worst years ever. The tech-heavy NASDAQ ended 2022 down more than 33 percent.
It’s no surprise, then, that among the 60 publicly traded IT vendor companies on CRN’s watch list, only seven recorded an increase in their share price in 2022. And several of those were due to acquisition deals that pushed up stock prices.
The trend in tech stock prices was otherwise down for the year amidst an uncertain economy, inflation, rising interest rates and the COVID-19 pandemic that just wouldn’t go away. Most companies on the CRN watch list recorded hefty double-digit percent declines in their stock prices during the year with 17 losing more than half of their value.
Here’s a look at the biggest stock price winners and losers in 2022. We start with the seven winners, counting down to the IT vendor with the biggest stock price gain during the year. Then we list the 10 companies whose stock prices declined the most, concluding with the IT vendor with the biggest loss.
The rankings are based on the opening share prices on Jan. 3, 2022, and the stock closing prices on Dec. 30, 2022.