Investing in Jacksonville-based stocks over 2022 wouldn't have been good for your portfolio – but buying all of the local public companies would have had you beating the S&P 500 … barely.
That's if you bought one share each of Jacksonville's local companies, from behemoth CSX Corp. — with a market cap of $65.1 billion — down to tiny Webstar Technology Group, an over-the-counter stock with a $9.7 million market cap. The Fortune 500 fintech company saw its stock price drop more than 26% in early November, leading incoming CEO Stephanie Ferris to say she would lead the implementation of a “transformation” plan aimed at cutting $500 million or more in expenses.While FIS's drop from $109.35 to $67.90 was the largest in dollar terms, Redwire Corp. saw its stock price suffer the largest percentage drop, cratering 73.02% as shares slid from $6.82 to $1.84.
Other big declines were experienced by Dream Finder Homes , which fell 55.33% from $19.59 to $8.75, and Duos Technologies Group , which slid from $51.2 to $1.85, a 63.7% drop.
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