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Solution Provider Market Cap Q1 2020 Winners And Losers

Amid the stock market turbulence of the first quarter, 22 of the 25 channel companies on our watch list recorded declines in their market capitalizations – many by significant double-digit amounts. Take a look at who were the winners and who were the losers.

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Value Proposition

With the economy roaring, stock markets reached historic highs early in the first quarter of 2020. But as the COVID-19 pandemic took hold and the economy stalled, markets went into a freefall before recovering somewhat at the very end of March.

The Dow Jones Industrials closed March 31 at 21,917.16, down 23.2 percent, marking the worst quarter ever for that index. The tech-heavy Nasdaq fell 14.18 percent during the quarter to close at 7,700.10.

The share prices of publicly traded channel companies were not immune from the tumbling stock markets. In the first quarter only three of the 25 channel companies on our watch list increased their market cap while 22 recorded market cap declines – most by double-digit percentages and two losing more than half of their total market value.

Market caps are largely determined by the value of a company's stock and the number of outstanding shares. So day-to-day market cap gains and declines tend to track closely to the value of a company's shares. But market cap values can also change when companies issue additional shares of stock or when they initiate stock buybacks, thus changing the total number of outstanding shares.

Here's a look at who was up and who was down in the first quarter, starting with companies with the biggest gains in market cap, based on stock closing prices on Dec. 31, 2019 and March 31, 2020.

 
 
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