22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs
(The initial version of this article featured an incorrect list. This has now been corrected.)
You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.
But check out this Twitter posting from July 19:
Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.
The S&P 500 Index SPX,
To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust SPY,
Some investors looking for good entry points might make use of the list, but keep in mind that it only looks back for a year and says nothing about how much a stock may have risen or fallen before. For example, Tesla Inc. TSLA,
Here are the 22 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:
| Company | Price – 12:45 p.m. July 19 | Decline from 52-week high | 52-week high | Date of 52-week high |
| Discovery Inc. Class A DISCA, |
$27.75 | -64.5% | $78.14 | 03/19/2021 |
| ViacomCBS Inc. Class B VIAC, |
$39.46 | -61.3% | $101.97 | 03/15/2021 |
| Penn National Gaming Inc. PENN, |
$65.78 | -53.7% | $142.00 | 03/15/2021 |
| Pinduoduo Inc. ADR Class A PDD, |
$102.91 | -51.6% | $212.60 | 02/16/2021 |
| Baidu Inc. ADR Class A BIDU, |
$175.80 | -50.5% | $354.82 | 02/22/2021 |
| Zoom Video Communications Inc. Class A ZM, |
$345.49 | -41.3% | $588.84 | 10/19/2020 |
| Splunk Inc. SPLK, |
$133.37 | -41.0% | $225.89 | 09/02/2020 |
| Carnival Corp. | $19.78 | -37.3% | $31.52 | 06/08/2021 |
| Norwegian Cruise Line Holdings Ltd. NCLH, |
$21.91 | -36.5% | $34.49 | 03/04/2021 |
| Trip.com Group Ltd. ADR TCOM, |
$28.89 | -36.1% | $45.19 | 03/17/2021 |
| Citrix Systems Inc. CTXS, |
$113.57 | -34.6% | $173.56 | 07/22/2020 |
| Vertex Pharmaceuticals Inc. VRTX, |
$199.10 | -34.5% | $304.00 | 07/20/2020 |
| JD.com Inc. ADR Class A | $73.53 | -32.1% | $108.29 | 02/17/2021 |
| Peloton Interactive Inc. Class A PTON, |
$116.64 | -31.8% | $171.09 | 01/14/2021 |
| United Airlines Holdings Inc. UAL, |
$43.45 | -31.8% | $63.70 | 03/18/2021 |
| Seagen Inc. SGEN, |
$145.95 | -31.8% | $213.94 | 10/13/2020 |
| Biogen Inc. BIIB, |
$322.58 | -31.2% | $468.55 | 06/07/2021 |
| Freeport-McMoRan Inc. FCX, |
$31.96 | -30.7% | $46.10 | 05/10/2021 |
| Diamondback Energy Inc. FANG, |
$71.69 | -30.1% | $102.53 | 07/01/2021 |
| Royal Caribbean Group RCL, |
$69.42 | -30.0% | $99.24 | 02/25/2021 |
| APA Corp. APA, |
$17.02 | -30.0% | $24.30 | 06/07/2021 |
| Viatris Inc. VTRS, |
$13.26 | -29.7% | $18.86 | 12/31/2020 |
| Source: FactSet | ||||
The 52-week highs are adjusted by FactSet for any splits or spin-offs.
You can click on the tickers for more about each company. Remember that a couple of data points aren’t enough to select a stock for investment. It is best to do your own research to form your own opinion about a company’s prospects with its industy.
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