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.

Gainers No. 3: Softchoice

CEO: Vince De Palma

Jan. 3, 2022, Opening: $22.00

June 30, 2022, Close: $22.51

Change: +2.32%

For the first quarter (ended March 31) of 2022 Softchoice reported net sales of $222.9 million, down 4.4 percent from $233.2 million in the first quarter of 2021. The company reported net income of $3.7 million for the quarter compared to a $2 million loss one year before.

Softchoice will report results for its second quarter on Aug. 12.

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.