Channel programs News
Channel Stocks Winners And Losers Of 2022 (So Far)
It’s been a rough six months for stock markets and channel company stocks have not been immune from the big sell-off. Here’s a look at the (few) companies whose share prices increased in the first half of 2022 and the 10 companies with the biggest share price declines.
Stock Price Gainers
Gainers No. 4: Connection
CEO: Timothy McGrath
Jan. 3, 2022, Opening: $43.50
June 30, 2022, Close: $44.05
For the first quarter (ended March 31) of 2022, Connection reported net sales of $788.3 million, up nearly 24 percent from $636.9 million in the first quarter of 2021. Net income for this year’s first quarter was $21.8 million, more than double the $10.2 million in the same period one year earlier.
Connection is scheduled to report its second quarter results on Aug. 4.