These S&P 500 stocks have cratered, but analysts think 12 can turn it around with rebounds of up to 70%

A period of high inflation and rising interest rates has taken out shares of companies with rich valuations. Then there’s the stubborn coronavirus, with variants raising infection rates and causing stocks in travel-related industries to crash after they staged partial recoveries.

Uncertainty is in the air, and a 7% consumer inflation rate doesn’t help. A prolonged period of rising interest rates will make the bond market more attractive to investors who had fled to the stock market in search of yields during the pandemic.

In the S&P 500 Index
SPX,
85 stocks were down at least 20% from their 52-week highs through Jan. 12. A 20% decline is generally considered bear-market territory. Still, the benchmark index actually rose slightly Jan. 12, when the government reported eye-popping inflation figures, and closed at a level only 2% below its all-time intraday high set Jan. 4.

Worst S&P 500 performers from 52-week highs

Narrowing the list of decliners, here are the 25 S&P 500 stocks that have fallen at least 30% from their 52-week intraday highs:

Company

Ticker

Decline from 52-week high

Closing price – Jan. 12

52-week high

Date of 52-week high

Penn National Gaming Inc.

PENN

-66.6%

$47.44

$142.00

03/15/2021

ViacomCBS Inc. Class B

VIAC

-65.7%

$34.97

$101.97

03/15/2021

Discovery Inc. Class A

DISCA

-63.2%

$28.79

$78.14

03/19/2021

Moderna Inc.

MRNA

-55.2%

$222.89

$497.49

08/10/2021

Gap Inc.

GPS

-52.8%

$17.75

$37.63

05/18/2021

Biogen Inc.

…..

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