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The Best And The Worst Tech Stocks In Q3 2020

Of the 40 technology companies on our watch list, 24 recorded gains in the price of their publicly traded shares in the third quarter of 2020 while 16 recorded price declines. Take a look at who were the winners and who were the losers.

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Tech Stocks Muddle Through Ongoing COVID-19 Pandemic, Recession

Stock markets were riding high for the first couple of months of 2020 before plunging in March as the COVID-19 pandemic hit and many segments of the U.S. economy shut down. (The U.S. economy went into recession in February, according to the National Bureau of Economic Research.) While stock markets recovered somewhat in the second quarter, it has been a very bumpy ride since with stocks returning very mixed results in the third quarter.

The Dow Jones ended trading on Sept. 30 at 27,781.70, up 7.63 percent from the 25,812.88 close on Jun 30. The tech-heavy Nasdaq has fared a bit better, closing at 11,167.51 on Sept. 30, up 11.02 percent from the 10,058.77 closing on June 30.

Of the 40 technology companies on our watch list, 24 recorded stock price increases in the first half of 2020 – a dozen of them by double-digit amounts and one by more than 50 percent. Sixteen companies saw the value of their stock decline during the first six months of 2020.

Here’s a look at who was up and who was down in the third quarter of 2020, starting with companies with the biggest gains in share price, based on stock closing prices on June 30, 2020 and Sept. 30, 2020.

Also included are each company’s market capitalizations and change during the quarter.

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