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The Biggest Tech Stocks Winners And Losers In 2022
Rick Whiting
Here is a look at the technology company stocks that recorded the biggest price gains and declines in 2022. Take a look to see how the shares of leading IT companies like IBM, VMware, Rackspace and Zoom performed during the year.
Gainers No. 3: Citrix Systems
CEO: Tom Krause
Jan. 3, 2022, Opening: $94.60
Sept. 30, 2022, Close: $104.00
Change: +9.94%
On Jan. 31, confirming reports that had been circulating for weeks, Citrix Systems announced a deal to be acquired and taken private in a all-cash deal with Vista Equity Partners and Evergreen Coast Capital, the latter an affiliate of Elliott Management.
Under the agreement Citrix shareholders received $104 per share for their Citrix stock, putting the deal’s price tag at $16.5 billion. The plan included combining Citrix with data integration and analysis software provider Tibco Software, which Vista Equity Partners had owned since 2014.
The acquisition was completed on Sept. 30 and Citrix shares ceased trading that day.
