The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% from 52-week highs is below.
Hand-in-hand with the inflation report was a record-low figure for the University of Michigan’s Consumer Sentiment Index. Stocks down at least 60% from their 52-week highs To take a broader look at large companies suffering the biggest share price declines, we added the components of the Nasdaq-100 Index NDX, -3.31% to the S&P 500 for a list of 519 companies after removing duplicates. Click on the tickers for more about each company.
Just think - some of the market darlings have to go down 90% from ATH to get to Sun Microsytems peak valuation back in the bubble before it went down 90%. 'Sun Microsystems, The Greatest Quote & The Rise of the Reckless'
The PayPal one was obviously going to happen. The avg stock before the pandemic was in the mid 80s. By 2021 it was at 250.
please tell me something I dont know...