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The Biggest Losing Tech Stocks In The Coronavirus Sell-off

Every one of the 40 technology companies on our stock watch list has seen the value of its shares tumble since the coronavirus – now a global pandemic – emerged in China early this year.

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Coronavirus Fallout

On Jan. 7 Chinese authorities reported to the World Health Organization that a virus that had been causing illnesses in the Wuhan area since late December was a previously unknown coronavirus. In the two months since, the coronavirus pandemic – officially COVID-19 – has wreaked havoc on the global economy, the IT industry and the stock markets.

Thursday saw the Dow Jones Industrial Average fall 9.99 percent (2,352 points) and the Nasdaq lose 9.43 percent (750.25 points). The Dow Jones plunge was the worst one-day percentage loss for that index since the Oct. 19, 1987 stock market crash.

Here's a look at how much the share price of the biggest IT vendors has dropped between Jan. 7 and the close of trading yesterday. Much of those losses have come just this week – the worst for stock indexes since the financial crisis of 2008.

The list begins with the companies whose stock prices declined the least on a percentage basis during that time span, working down to those companies that have recorded the biggest price percentage declines – including two that have lost more than half of their share value in that time.

 
 
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