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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. 1: Mandiant
CEO: Kevin Mandia
Jan. 3, 2022, Opening: $17.54
Dec. 30, 2022, Close: $23.00
Change: +31.13%
Cybersecurity services provider Mandiant was acquired by Google Cloud in a $5.4 billion all-cash deal that was announced March 8, 2022.
The $23 per share acquisition price was a 57 percent premium to the “undisturbed 10-day trailing volume weighted average price as of Feb. 7, 2022,” according to the companies, the last full trading day before published market speculation about the potential acquisition.
The per-share deal price was 31.13 percent above the Jan. 3, 2022, opening price for Mandiant’s shares, making it the biggest gainer among all the companies on the CRN watch list.
The acquisition closed Sept. 12, 2022, and trading of Mandiant shares ceased that day.
Google Cloud CEO Thomas Kurian said his company is using Mandiant to “reinvent” its security service offerings for its customers.
