Tech Stocks Hit By Pandemic And Recession, But Many End 2020 With Gains
Stock markets were riding high for the first weeks of 2020 before plunging in late February and March as the COVID-19 pandemic hit and many segments of the U.S. economy shut down. From there stock markets began a generally steady climb through the end of 2020.
The Dow Jones ended trading on Dec. 31 at 30,606.48, up 7.25 percent from its 28,538.44 close on Dec. 31, 2019. The tech-heavy Nasdaq fared even better in 2020, closing at 12,888.28 on Dec. 31, up 43.64 percent from its 8,972.60 close on Dec. 31, 2019.
Among the IT company stocks followed by CRN, many recorded double-digit gains in their stock price in 2020. But others watched as the value of their publicly traded stock dropped during the year—some plunging by double digits.
Here‘s a look at the biggest stock price winners and losers in 2020. We start with the 10 biggest winners, counting down to the IT vendor with the biggest stock price gain during the year. Then we list the 10 companies whose stock price declined the most, concluding with the IT vendor with the biggest loss. The rankings are based on stock closing prices on Dec. 31, 2019 and Dec. 31, 2020.
