As Apple Hits $2 Trillion, Which Stocks Are Headed the Other Direction?
U.S. businesses have not all weathered the current COVID-19 storm in the same way. For plenty of big corporations, the pandemic might actually have helped business ? particularly those that have focused on remote delivery of goods and services. For countless others, though, the pandemic has been the sort of catastrophe that no CEO can really prepare for. To have the very nature of your business undermined by a crisis like this isn’t something you can plan for, and a number of companies are struggling in an environment where lockdown measures and a slowdown in travel cause huge disruptions in their business models.
So which companies are facing the toughest times? One way to gauge how a corporation is doing is to look at its stock market performance during the pandemic. GOBankingRates analyzed all of the components of the S&P 500 index, sourced from Barchart, and then used Google Finance market data to find the Jan. 2 closing price and Oct. 2 closing price for each component and determine which stocks suffered the greatest losses. Keep reading for a closer look at how far some stocks have fallen during the coronavirus.
Last updated: Oct. 19, 2020
50. Howmet Aerospace Inc.
Stock price:
Jan. 2, 2020: $31.54
Oct. 2, 2020: $17.88
Price drop: 43.31%
Market cap:
Jan. 2, 2020: $13,755,918,680
Oct. 2, 2020: $7,798,218,960
Market value loss: $5.96 billion
49. Huntington Ingalls Industries
Stock price:
Jan. 2, 2020: $255.85
Oct. 2, 2020: $144.13
Price drop: 43.67%
Market cap:
Jan. 2, 2020: $10,359,878,200
Oct. 2, 2020: $5,836,111,960
Market value loss: $4.52 billion
48. Hess Corporation
Stock price:
Jan. 2, 2020: $67.72
Oct. 2, 2020: $37.71
Price drop: 44.31%
Market cap:
Jan. 2, 2020: $20,799,791,680
Oct. 2, 2020: $11,582,400,240
Market value loss: $9.22 billion
47. SL Green Realty Corporation
Stock price:
Jan. 2, 2020: $88.91
Oct. 2, 2020: $49.36
Price drop: 44.48%
Market cap:
Jan. 2, 2020: $6,512,746,410
Oct. 2, 2020: $3,615,669,360
Market value loss: $2.90 billion
46. Under Armour Class A
Stock price:
Jan. 2, 2020: $21.78
Oct. 2, 2020: $12.06
Price drop: 44.63%
Market cap:
Jan. 2, 2020: $4,106,226,960
Oct. 2, 2020: $2,273,695,920
Market value loss: $1.83 billion
45. Alaska Air Group
Stock price:
Jan. 2, 2020: $68.17
Oct. 2, 2020: $37.52
Price drop: 44.96%
Market cap:
Jan. 2, 2020: $8,428,538,800
Oct. 2, 2020: $4,638,972,800
Market value loss: $3.79 billion
44. Comerica Inc.
Stock price:
Jan. 2, 2020: $71.75
Oct. 2, 2020: $39.33
Price drop: 45.18%
Market cap:
Jan. 2, 2020: $9,976,048,250
Oct. 2, 2020: $5,468,403,870
Market value loss: $4.51 billion
43. Western Digital Corporation
Stock price:
Jan. 2, 2020: $65.62
Oct. 2, 2020: $35.96
Price drop: 45.20%
Market cap:
Jan. 2, 2020: $19,851,756,120
Oct. 2, 2020: $10,878,834,960
Market value loss: $8.97 billion
42. Under Armour Class C
Stock price:
Jan. 2, 2020: $19.24
Oct. 2, 2020: $10.54
Price drop: 45.22%
Market cap:
Jan. 2, 2020: $4,454,156,200
Oct. 2, 2020: $2,440,062,700
Market value loss: $2.01 billion
41. M&T Bank Corporation
Stock price:
Jan. 2, 2020: $171.07
Oct. 2, 2020: $93.53
Price drop: 45.33%
Market cap:
Jan. 2, 2020: $21,944,859,600
Oct. 2, 2020: $11,998,028,400
Market value loss: $9.95 billion
40. Lincoln National Corporation
Stock price:
Jan. 2, 2020: $59.75
Oct. 2, 2020: $32.64
Price drop: 45.37%
Market cap:
Jan. 2, 2020: $11,546,568,000
Oct. 2, 2020: $6,307,614,720
Market value loss: $5.24 billion
39. American International Group
Stock price:
Jan. 2, 2020: $51.76
Oct. 2, 2020: $28.22
Price drop: 45.48%
Market cap:
Jan. 2, 2020: $44,587,823,840
Oct. 2, 2020: $24,309,667,480
Market value loss: $20.28 billion
38. Vornado Realty Trust
Stock price:
Jan. 2, 2020: $65.50
Oct. 2, 2020: $35.71
Price drop: 45.48%
Market cap:
Jan. 2, 2020: $12,520,390,500
Oct. 2, 2020: $6,826,002,210
Market value loss: $5.69 billion
37. Delta Air Lines Inc.
Stock price:
Jan. 2, 2020: $59.04
Oct. 2, 2020: $31.75
Price drop: 46.22%
Market cap:
Jan. 2, 2020: $37,659,077,280
Oct. 2, 2020: $20,251,959,750
Market value loss: $17.41 billion
36. Citigroup Inc.
Stock price:
Jan. 2, 2020: $81.23
Oct. 2, 2020: $43.66
Price drop: 46.25%
Market cap:
Jan. 2, 2020: $169,109,893,950
Oct. 2, 2020: $90,894,225,900
Market value loss: $78.22 billion
35. Flowserve Corporation
Stock price:
Jan. 2, 2020: $50.68
Oct. 2, 2020: $27.23
Price drop: 46.27%
Market cap:
Jan. 2, 2020: $6,596,508,800
Oct. 2, 2020: $3,544,256,800
Market value loss: $3.05 billion
34. General Electric Company
Stock price:
Jan. 2, 2020: $11.93
Oct. 2, 2020: $6.39
Price drop: 46.44%
Market cap:
Jan. 2, 2020: $104,426,737,770
Oct. 2, 2020: $55,933,516,710
Market value loss: $48.49 billion
33. Xerox Corporation
Stock price:
Jan. 2, 2020: $36.93
Oct. 2, 2020: $19.05
Price drop: 48.42%
Market cap:
Jan. 2, 2020: $7,866,607,020
Oct. 2, 2020: $4,057,916,700
Market value loss: $3.81 billion
32. Wynn Resorts, Ltd.
Stock price:
Jan. 2, 2020: $143.60
Oct. 2, 2020: $73.20
Price drop: 49.03%
Market cap:
Jan. 2, 2020: $15,486,972,800
Oct. 2, 2020: $7,894,473,600
Market value loss: $7.59 billion
31. Conocophillips
Stock price:
Jan. 2, 2020: $65.46
Oct. 2, 2020: $33.07
Price drop: 49.48%
Market cap:
Jan. 2, 2020: $70,210,170,360
Oct. 2, 2020: $35,469,757,620
Market value loss: $34.74 billion
30. Boeing Company
Stock price:
Jan. 2, 2020: $333.32
Oct. 2, 2020: $168.08
Price drop: 49.57%
Market cap:
Jan. 2, 2020: $188,142,140,680
Oct. 2, 2020: $94,872,587,920
Market value loss: $93.27 billion
29. Dxc Technology Company
Stock price:
Jan. 2, 2020: $36.76
Oct. 2, 2020: $18.36
Price drop: 50.05%
Market cap:
Jan. 2, 2020: $9,344,208,200
Oct. 2, 2020: $4,667,020,200
Market value loss: $4.68 billion
28. Concho Resources Inc.
Stock price:
Jan. 2, 2020: $86.95
Oct. 2, 2020: $43.07
Price drop: 50.47%
Market cap:
Jan. 2, 2020: $17,103,673,650
Oct. 2, 2020: $8,472,170,490
Market value loss: $8.63 billion
27. Baker Hughes, A GE Company, Cl A
Stock price:
Jan. 2, 2020: $25.61
Oct. 2, 2020: $12.65
Price drop: 50.61%
Market cap:
Jan. 2, 2020: $16,624,475,400
Oct. 2, 2020: $8,211,621,000
Market value loss: $8.41 billion
26. Royal Caribbean Cruises, Ltd.
Stock price:
Jan. 2, 2020: $134.65
Oct. 2, 2020: $65.26
Price drop: 51.53%
Market cap:
Jan. 2, 2020: $28,905,046,200
Oct. 2, 2020: $14,009,233,680
Market value loss: $14.90 billion
25. Simon Property Group
Stock price:
Jan. 2, 2020: $145.09
Oct. 2, 2020: $68.20
Price drop: 52.99%
Market cap:
Jan. 2, 2020: $44,381,144,830
Oct. 2, 2020: $20,861,493,400
Market value loss: $23.52 billion
24. Exxon Mobil Corporation
Stock price:
Jan. 2, 2020: $70.90
Oct. 2, 2020: $32.98
Price drop: 53.48%
Market cap:
Jan. 2, 2020: $299,781,719,700
Oct. 2, 2020: $139,447,124,340
Market value loss: $160.33 billion
23. Halliburton Company
Stock price:
Jan. 2, 2020: $24.68
Oct. 2, 2020: $11.31
Price drop: 54.17%
Market cap:
Jan. 2, 2020: $21,680,639,600
Oct. 2, 2020: $9,935,495,700
Market value loss: $11.75 billion
22. Marathon Petroleum Corporation
Stock price:
Jan. 2, 2020: $61.91
Oct. 2, 2020: $28.27
Price drop: 54.34%
Market cap:
Jan. 2, 2020: $40,284,527,450
Oct. 2, 2020: $18,395,147,650
Market value loss: $21.89 billion
21. Phillips 66
Stock price:
Jan. 2, 2020: $112.20
Oct. 2, 2020: $51.06
Price drop: 54.49%
Market cap:
Jan. 2, 2020: $48,997,403,400
Oct. 2, 2020: $22,297,748,820
Market value loss: $26.70 billion
20. American Airlines Group
Stock price:
Jan. 2, 2020: $29.09
Oct. 2, 2020: $13.00
Price drop: 55.31%
Market cap:
Jan. 2, 2020: $14,794,068,580
Oct. 2, 2020: $6,611,306,000
Market value loss: $8.18 billion
19. Wells Fargo & Company
Stock price:
Jan. 2, 2020: $53.75
Oct. 2, 2020: $23.99
Price drop: 55.37%
Market cap:
Jan. 2, 2020: $221,452,526,250
Oct. 2, 2020: $98,839,927,530
Market value loss: $122.61 billion
18. Valero Energy Corporation
Stock price:
Jan. 2, 2020: $95.13
Oct. 2, 2020: $40.73
Price drop: 57.18%
Market cap:
Jan. 2, 2020: $38,789,923,410
Oct. 2, 2020: $16,607,942,610
Market value loss: $22.18 billion
17. EOG Resources
Stock price:
Jan. 2, 2020: $84.14
Oct. 2, 2020: $34.81
Price drop: 58.63%
Market cap:
Jan. 2, 2020: $48,990,010,160
Oct. 2, 2020: $20,267,913,640
Market value loss: $28.72 billion
16. Kohl's Corporation
Stock price:
Jan. 2, 2020: $49.11
Oct. 2, 2020: $19.96
Price drop: 59.36%
Market cap:
Jan. 2, 2020: $7,748,330,250
Oct. 2, 2020: $3,149,189,000
Market value loss: $4.60 billion
15. United Airlines Holdings Inc.
Stock price:
Jan. 2, 2020: $89.74
Oct. 2, 2020: $36.01
Price drop: 59.87%
Market cap:
Jan. 2, 2020: $26,112,904,160
Oct. 2, 2020: $10,478,333,840
Market value loss: $15.63 billion
14. Schlumberger N.V.
Stock price:
Jan. 2, 2020: $40.17
Oct. 2, 2020: $15.57
Price drop: 61.24%
Market cap:
Jan. 2, 2020: $55,760,057,340
Oct. 2, 2020: $21,612,748,140
Market value loss: $34.15 billion
13. Apache Corporation
Stock price:
Jan. 2, 2020: $25.36
Oct. 2, 2020: $9.74
Price drop: 61.59%
Market cap:
Jan. 2, 2020: $9,572,360,240
Oct. 2, 2020: $3,676,450,660
Market value loss: $5.90 billion
12. HollyFrontier Corporation
Stock price:
Jan. 2, 2020: $51.39
Oct. 2, 2020: $19.60
Price drop: 61.86%
Market cap:
Jan. 2, 2020: $8,325,950,850
Oct. 2, 2020: $3,175,494,000
Market value loss: $5.15 billion
11. Devon Energy Corporation
Stock price:
Jan. 2, 2020: $25.79
Oct. 2, 2020: $9.60
Price drop: 62.78%
Market cap:
Jan. 2, 2020: $9,867,434,530
Oct. 2, 2020: $3,673,027,200
Market value loss: $6.19 billion
10. Noble Energy Inc.
Stock price:
Jan. 2, 2020: $24.13
Oct. 2, 2020: $8.46
Price drop: 64.94%
Market cap:
Jan. 2, 2020: $11,694,604,500
Oct. 2, 2020: $4,100,139,000
Market value loss: $7.59 billion
9. ONEOK Inc.
Stock price:
Jan. 2, 2020: $75.71
Oct. 2, 2020: $26.53
Price drop: 64.96%
Market cap:
Jan. 2, 2020: $33,630,533,420
Oct. 2, 2020: $11,784,679,060
Market value loss: $21.85 billion
8. National Oilwell Varco
Stock price:
Jan. 2, 2020: $25.26
Oct. 2, 2020: $8.70
Price drop: 65.56%
Market cap:
Jan. 2, 2020: $9,808,053,840
Oct. 2, 2020: $3,378,070,800
Market value loss: $6.43 billion
7. Diamondback Energy
Stock price:
Jan. 2, 2020: $92.65
Oct. 2, 2020: $30.47
Price drop: 67.11%
Market cap:
Jan. 2, 2020: $14,622,393,600
Oct. 2, 2020: $4,808,897,280
Market value loss: $9.81 billion
6. Marathon Oil Corporation
Stock price:
Jan. 2, 2020: $13.68
Oct. 2, 2020: $4.12
Price drop: 69.88%
Market cap:
Jan. 2, 2020: $10,799,525,520
Oct. 2, 2020: $3,252,488,680
Market value loss: $7.55 billion
5. TechnipFMC plc
Stock price:
Jan. 2, 2020: $21.33
Oct. 2, 2020: $6.38
Price drop: 70.09%
Market cap:
Jan. 2, 2020: $9,584,251,560
Oct. 2, 2020: $2,866,738,160
Market value loss: $6.72 billion
4. Carnival Corporation
Stock price:
Jan. 2, 2020: $51.31
Oct. 2, 2020: $15.16
Price drop: 70.45%
Market cap:
Jan. 2, 2020: $30,820,018,530
Oct. 2, 2020: $9,106,051,080
Market value loss: $21.71 billion
3. Norwegian Cruise Line Holdings Ltd.
Stock price:
Jan. 2, 2020: $58.83
Oct. 2, 2020: $17.27
Price drop: 70.64%
Market cap:
Jan. 2, 2020: $16,214,665,770
Oct. 2, 2020: $4,759,940,130
Market value loss: $11.45 billion
2. Coty Inc.
Stock price:
Jan. 2, 2020: $11.05
Oct. 2, 2020: $2.91
Price drop: 73.67%
Market cap:
Jan. 2, 2020: $8,454,653,350
Oct. 2, 2020: $2,226,519,570
Market value loss: $6.23 billion
1. Occidental Petroleum Corporation
Stock price:
Jan. 2, 2020: $42.58
Oct. 2, 2020: $9.87
Price drop: 76.82%
Market cap:
Jan. 2, 2020: $39,605,446,360
Oct. 2, 2020: $9,180,501,540
Market value loss: $30.42 billion
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Please note photos are for illustrative purposes only. As a result, some of the photos might not precisely reflect the companies listed in this article.
This article originally appeared on GOBankingRates.com: As Apple Hits $2 Trillion, Which Stocks Are Headed the Other Direction?
