Channel Stocks Winners And Losers Of 2022 (So Far)

July 28, 2022, 04:44 PM EDT

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

Change: +1.26%

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.

Learn More: Mergers and Acquisitions | Distribution

Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.