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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Better Business Bureau shares top scams of 2022The Better Business Bureau of Chicago and Northern Illinois shows the most menacing problem in our area remains Online Purchase Scams, still dominating the 1 position for the third year in a row. What’s the date on this stock photo? Everything is a scam online. ChicagoBBB
Source: ABC7Chicago - 🏆 284. / 63 Read more »
7 Biggest Biden Family Business Revelations of 2022Seven key developments in the Biden family business scandal have come to light in 2022. The scandal, suppressed by the intelligence agencies and establishment media dating back to 2020, became one of the major storylines of the year. If any of us had committed the crimes of these two, we’d be in the basement of a federal penitentiary. BS charges. Followed by a BS trial. Followed by conviction and a pardon from his daddy. That's why they're doing this while Joe can still write his name.
Source: BreitbartNews - 🏆 610. / 51 Read more »
The ERC application window will start to close in 2023 - Jacksonville Business JournalThe Employee Retention Credit could mean thousands of dollars for small businesses, but 2023 will be an important year for those looking to maximize the tax credit. Here's why.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Ryan and Caitlin Jocque blend business and family life with Original ChopShop - Phoenix Business JournalWhile this husband and wife team of eatery entrepreneurs both used to work at restaurants to pay the bills while going to college, their paths converged and they combined their talents to create several successful culinary brands — while juggling family responsibilities.
Source: phxbizjournal - 🏆 254. / 63 Read more »