Tech Stocks: Gainers Beat Losers 2 To 1
The stock markets were on a roll following the November election and through much of the first quarter – what some called the "Trump bull market" – before settling back toward the end. Overall the Dow Jones Industrial Average was up 4.56 percent in the first quarter while the Nasdaq was up an impressive 9.82 percent.
So how did publicly held IT vendors fare? Out of the 42 companies on our watch list, 28 saw the price of their stock increase in the first quarter while 14 had stock price declines in the quarter. While many of the stocks that gained in price did so by double-digit percentages, only two of the stocks whose price declined did so by double digits.
Here's a look at who was up and who was down in the first quarter of 2017, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 30, 2016, and March 31, 2017.
Reflecting the ever-changing IT industry, a number of companies previously on our watch list have been dropped because they were acquired, including EMC (acquired by Dell) and NetSuite (acquired by Oracle), or taken private (Lexmark and Qlik), in 2016. New to the Tech Stocks watch list are Carbonite, CenturyLink, Eaton and Nutanix.