Channel Stocks: A Majority Of Companies Record Share Price Gains Despite A Volatile Market In Q1 2018
The stock market was generally on a roller coaster in the first quarter of 2018, with some trading days seeing swings of hundreds of points. The Dow Jones Index was down 2.49 percent in the quarter (between the Dec. 29, 2017 and March 29, 2018 closings), but the Nasdaq was up 2.32 percent.
So how did publicly held solution provider companies fair? Gainers outnumbered losers with 14 of the companies on our channel watch list recording stock price increases in the quarter, the majority by double-digit percentages, while 10 recorded stock price declines – several by hefty double-digit percentages.
Here's a look at who was up and who was down in the first quarter of 2018, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 29, 2017 and March 29, 2018.