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July 19, 2021, 1:42 p.m. EDT

22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs

By Philip van Doorn

( The initial version of this article featured an incorrect list. This has now been corrected. )

You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.

But check out this Twitter posting from July 19:

Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.

The S&P 500 Index (S&P:SPX) was up 13% (excluding dividends) for 2021 through 12:45 p.m. ET on July 19, following a 16% gain in 2020. The benchmark index has pulled back only 3% from its all-time intraday high set on May 10, but there are many stocks that have had much more significant declines.

To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust (PSE:SPY) ) and the Nasdaq-100 Index (AMERICAN:NDX) (tracked by the Invesco QQQ Trust (NAS:QQQ) ) and identified stocks that were down at least 30% from their intraday 52-week highs.

Some investors looking for good entry points might make use of the list, but keep in mind that it only looks back for a year and says nothing about how much a stock may have risen or fallen before. For example, Tesla Inc. (NAS:TSLA) didn’t make the list below because its stock has fallen “only” 29% from its high on Jan. 25. But its shares were up more than fivefold over the previous year through that high.

Here are the 22 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:

Company Price – 12:45 p.m. July 19 Decline from 52-week high 52-week high Date of 52-week high
Discovery Inc. Class A (NAS:DISCA)   $27.75 -64.5% $78.14 03/19/2021
ViacomCBS Inc. Class B (NAS:VIAC)   $39.46 -61.3% $101.97 03/15/2021
Penn National Gaming Inc. (NAS:PENN)   $65.78 -53.7% $142.00 03/15/2021
Pinduoduo Inc. ADR Class A (NAS:PDD)   $102.91 -51.6% $212.60 02/16/2021
Baidu Inc. ADR Class A (NAS:BIDU)   $175.80 -50.5% $354.82 02/22/2021
Zoom Video Communications Inc. Class A (NAS:ZM)   $345.49 -41.3% $588.84 10/19/2020
Splunk Inc. (NAS:SPLK)   $133.37 -41.0% $225.89 09/02/2020
Carnival Corp.  $19.78 -37.3% $31.52 06/08/2021
Norwegian Cruise Line Holdings Ltd. (NYS:NCLH)   $21.91 -36.5% $34.49 03/04/2021
Trip.com Group Ltd. ADR (NAS:TCOM)   $28.89 -36.1% $45.19 03/17/2021
Citrix Systems Inc. (NAS:CTXS)   $113.57 -34.6% $173.56 07/22/2020
Vertex Pharmaceuticals Inc. (NAS:VRTX)   $199.10 -34.5% $304.00 07/20/2020
JD.com Inc. ADR Class A  $73.53 -32.1% $108.29 02/17/2021
Peloton Interactive Inc. Class A (NAS:PTON)   $116.64 -31.8% $171.09 01/14/2021
United Airlines Holdings Inc. (NAS:UAL)   $43.45 -31.8% $63.70 03/18/2021
Seagen Inc. (NAS:SGEN)   $145.95 -31.8% $213.94 10/13/2020
Biogen Inc. (NAS:BIIB)   $322.58 -31.2% $468.55 06/07/2021
Freeport-McMoRan Inc. (NYS:FCX)   $31.96 -30.7% $46.10 05/10/2021
Diamondback Energy Inc. (NAS:FANG)   $71.69 -30.1% $102.53 07/01/2021
Royal Caribbean Group (NYS:RCL)   $69.42 -30.0% $99.24 02/25/2021
APA Corp. (NAS:APA)   $17.02 -30.0% $24.30 06/07/2021
Viatris Inc. (NAS:VTRS)   $13.26 -29.7% $18.86 12/31/2020
Source: FactSet

The 52-week highs are adjusted by FactSet for any splits or spin-offs.

You can click on the tickers for more about each company. Remember that a couple of data points aren’t enough to select a stock for investment. It is best to do your own research to form your own opinion about a company’s prospects with its industy.

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