These 60 stocks, including DraftKings, Zillow and Virgin Galactic, are down at least 50% from their 2021 highs

By Philip van Doorn

Following last week’s lackluster action in the stock market, it might surprise you that 2021 has been an excellent year, with the benchmark S&P 500 Index up 22%.

Beneath the surface, some high-flyers have taken a beating, as you can see from the list below.

Last week, Charlie Bilello made an excellent point while listing the biggest all-time losers among stocks included in the Nasdaq-100 Index: It is always good to be diversified , rather than have your investments concentrated in one company — even very successful ones.

Bilello, CEO of Compound Capital Advisors, called the scene “a stock picker’s bear market,” while noting that the “flagship stock picking fund,” the Ark Innovation ETF /zigman2/quotes/204808965/composite ARKK -1.42% , was down significantly in 2021 after being a winner in 2020, when it rose 156%. (ARKK was down 14% for 2021 through Nov. 26.)

So if you are looking for former high-flyers that may rise from the ashes to soar again, the following list may be useful to begin your own research.

In order to come up with a broad list with well-known companies that might not yet be included in the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.61% or the Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX -0.87% , we began with the Russell-1000 Index, which includes the largest U.S. stocks by market capitalization.

Exactly 60 of them were down at least 50% from their 2021 highs, through Nov. 26:

Click on the tickers for more about each company. Click  here  for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

/zigman2/quotes/204808965/composite

Add to watchlist ARKK

ARK Innovation ETF

US : U.S.: NYSE Arca

$ 42.24

-0.61 -1.42%

Volume: 27.50M

Feb. 6, 2023 4:00p

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,111.08

-25.40 -0.61%

Volume: 0.00

Feb. 6, 2023 4:57p

/zigman2/quotes/210598364/realtime

Add to watchlist NDX

NASDAQ 100 Index (NASDAQ Calculation)

US : Nasdaq

12,464.51

-108.85 -0.87%

Volume: 995,874

Feb. 6, 2023 5:16p

/zigman2/quotes/203590706/composite

Add to watchlist STNE

StoneCo Ltd. Cl A

US : U.S.: Nasdaq

$ 10.17

-0.53 -4.95%

Volume: 4.71M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.34 billion

Rev. per Employee

$50,126

/zigman2/quotes/221587949/composite

Add to watchlist PSFE

Paysafe Ltd.

US : U.S.: NYSE

$ 22.89

-0.29 -1.25%

Volume: 293,546

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.41 billion

Rev. per Employee

$424,066

/zigman2/quotes/216943028/composite

Add to watchlist SKLZ

Skillz Inc.

US : U.S.: NYSE

$ 0.88

-0.03 -3.20%

Volume: 7.29M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$383.95 million

Rev. per Employee

$516,734

/zigman2/quotes/205655041/composite

Add to watchlist CHGG

Chegg Inc.

US : U.S.: NYSE

$ 21.03

-0.31 -1.45%

Volume: 6.48M

Feb. 6, 2023 4:00p

P/E Ratio

11.61

Dividend Yield

N/A

Market Cap

$2.68 billion

Rev. per Employee

N/A

/zigman2/quotes/222990672/composite

Add to watchlist AI

C3.ai Inc.

US : U.S.: NYSE

$ 27.55

+1.67 +6.45%

Volume: 104.10M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.85 billion

Rev. per Employee

N/A

/zigman2/quotes/219228417/composite

Add to watchlist GOCO

GoHealth Inc.

US : U.S.: Nasdaq

$ 14.80

-0.22 -1.46%

Volume: 42,106

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$329.65 million

Rev. per Employee

$185,738

/zigman2/quotes/205077794/composite

Add to watchlist ZG

Zillow Group Inc. Cl A

US : U.S.: Nasdaq

$ 44.01

-1.02 -2.27%

Volume: 459,118

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.91 billion

Rev. per Employee

$1.20M

/zigman2/quotes/208333884/composite

Add to watchlist SPCE

Virgin Galactic Holdings Inc.

US : U.S.: NYSE

$ 5.94

-0.14 -2.30%

Volume: 15.51M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.67 billion

Rev. per Employee

$1,970

/zigman2/quotes/204413973/composite

Add to watchlist Z

Zillow Group Inc. Cl C

US : U.S.: Nasdaq

$ 44.82

-1.33 -2.88%

Volume: 2.92M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.91 billion

Rev. per Employee

$1.20M

/zigman2/quotes/208035743/composite

Add to watchlist PTON

Peloton Interactive Inc.

US : U.S.: Nasdaq

$ 15.79

-0.49 -3.01%

Volume: 18.22M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$5.43 billion

Rev. per Employee

$312,373

/zigman2/quotes/219257798/composite

Add to watchlist LMND

Lemonade Inc.

US : U.S.: NYSE

$ 18.13

-0.23 -1.25%

Volume: 957,999

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.27 billion

Rev. per Employee

$133,959

/zigman2/quotes/218801255/composite

Add to watchlist VRM

Vroom Inc.

US : U.S.: Nasdaq

$ 1.27

-0.11 -7.97%

Volume: 4.57M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$190.68 million

Rev. per Employee

$1.48M

/zigman2/quotes/219305490/composite

Add to watchlist QS

QuantumScape Corp. Cl A

US : U.S.: NYSE

$ 9.35

+0.12 +1.30%

Volume: 5.69M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.02 billion

Rev. per Employee

N/A

/zigman2/quotes/226848462/composite

Add to watchlist VMEO

Vimeo Inc.

US : U.S.: Nasdaq

$ 4.53

-0.29 -6.02%

Volume: 2.44M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$802.26 million

Rev. per Employee

$355,688

/zigman2/quotes/212251938/composite

Add to watchlist FSLY

Fastly Inc. Cl A

US : U.S.: NYSE

$ 10.88

-0.44 -3.89%

Volume: 1.94M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.39 billion

Rev. per Employee

$421,231

/zigman2/quotes/219999729/composite

Add to watchlist CVAC

CureVac N.V.

US : U.S.: Nasdaq

$ 10.58

-0.48 -4.34%

Volume: 476,378

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.07 billion

Rev. per Employee

$121,257

/zigman2/quotes/205338227/composite

Add to watchlist SAM

Boston Beer Co. Cl A

US : U.S.: NYSE

$ 395.07

-7.92 -1.97%

Volume: 144,825

Feb. 6, 2023 4:00p

P/E Ratio

183.01

Dividend Yield

N/A

Market Cap

$4.95 billion

Rev. per Employee

$782,895

/zigman2/quotes/206632254/composite

Add to watchlist IOVA

Iovance Biotherapeutics Inc.

US : U.S.: Nasdaq

$ 8.20

+0.22 +2.76%

Volume: 5.08M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.26 billion

Rev. per Employee

N/A

/zigman2/quotes/224481620/composite

Add to watchlist SGFY

Signify Health Inc.

US : U.S.: NYSE

$ 28.24

-0.27 -0.95%

Volume: 2.61M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$6.73 billion

Rev. per Employee

$356,318

/zigman2/quotes/211617595/composite

Add to watchlist BYND

Beyond Meat Inc.

US : U.S.: Nasdaq

$ 17.99

-1.43 -7.36%

Volume: 3.83M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.24 billion

Rev. per Employee

$309,847

/zigman2/quotes/207420252/composite

Add to watchlist TDOC

Teladoc Health Inc.

US : U.S.: NYSE

$ 30.31

-1.12 -3.56%

Volume: 4.20M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$5.09 billion

Rev. per Employee

$455,562

/zigman2/quotes/219854810/composite

Add to watchlist RKT

Rocket Cos. Inc.

US : U.S.: NYSE

$ 9.69

-0.60 -5.83%

Volume: 5.44M

Feb. 6, 2023 4:00p

P/E Ratio

11.67

Dividend Yield

0.00%

Market Cap

$20.28 billion

Rev. per Employee

N/A

/zigman2/quotes/209264611/composite

Add to watchlist PENN

PENN Entertainment Inc.

US : U.S.: Nasdaq

$ 33.10

-1.26 -3.67%

Volume: 2.95M

Feb. 6, 2023 4:00p

P/E Ratio

26.17

Dividend Yield

N/A

Market Cap

$5.33 billion

Rev. per Employee

$291,344

/zigman2/quotes/205925446/composite

Add to watchlist NFE

New Fortress Energy LLC Cl A

US : U.S.: Nasdaq

$ 38.75

-1.07 -2.69%

Volume: 1.57M

Feb. 6, 2023 4:00p

P/E Ratio

29.11

Dividend Yield

7.74%

Market Cap

$8.31 billion

Rev. per Employee

$3.68M

/zigman2/quotes/212846591/composite

Add to watchlist ADPT

Adaptive Biotechnologies Corp.

US : U.S.: Nasdaq

$ 9.48

-0.37 -3.76%

Volume: 694,217

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.41 billion

Rev. per Employee

$195,851

/zigman2/quotes/200179567/composite

Add to watchlist SAGE

Sage Therapeutics Inc.

US : U.S.: Nasdaq

$ 45.72

+1.56 +3.53%

Volume: 868,925

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.63 billion

Rev. per Employee

$13,724

/zigman2/quotes/206118480/composite

Add to watchlist TRIP

Tripadvisor Inc.

US : U.S.: Nasdaq

$ 23.71

-0.22 -0.92%

Volume: 1.99M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$3.36 billion

Rev. per Employee

$512,449

/zigman2/quotes/203755179/composite

Add to watchlist GME

GameStop Corp. Cl A

US : U.S.: NYSE

$ 23.86

+1.61 +7.24%

Volume: 8.71M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$6.78 billion

Rev. per Employee

$496,225

/zigman2/quotes/201589146/composite

Add to watchlist NVCR

Novocure Ltd.

US : U.S.: Nasdaq

$ 91.89

-2.33 -2.47%

Volume: 612,924

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$9.89 billion

Rev. per Employee

$464,973

/zigman2/quotes/217322651/composite

Add to watchlist OPEN

Opendoor Technologies Inc.

US : U.S.: Nasdaq

$ 2.39

-0.20 -7.72%

Volume: 22.81M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.64 billion

Rev. per Employee

$5.87M

/zigman2/quotes/206715615/composite

Add to watchlist NKTR

Nektar Therapeutics

US : U.S.: Nasdaq

$ 3.09

0.00 0.00%

Volume: 1.24M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$580.78 million

Rev. per Employee

$128,434

/zigman2/quotes/207426329/composite

Add to watchlist ATUS

Altice USA Inc. Cl A

US : U.S.: NYSE

$ 4.84

-0.26 -5.10%

Volume: 2.44M

Feb. 6, 2023 4:00p

P/E Ratio

3.43

Dividend Yield

N/A

Market Cap

$2.33 billion

Rev. per Employee

$1.09M

/zigman2/quotes/200765742/composite

Add to watchlist SABR

Sabre Corp.

US : U.S.: Nasdaq

$ 7.50

-0.16 -2.09%

Volume: 4.68M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$2.52 billion

Rev. per Employee

$317,351

/zigman2/quotes/204970392/composite

Add to watchlist RARE

Ultragenyx Pharmaceutical Inc.

US : U.S.: Nasdaq

$ 45.94

+0.21 +0.46%

Volume: 424,410

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.21 billion

Rev. per Employee

$306,854

/zigman2/quotes/209382272/composite

Add to watchlist WIX

Wix.com Ltd.

US : U.S.: Nasdaq

$ 88.68

-1.76 -1.95%

Volume: 507,165

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$5.32 billion

Rev. per Employee

$229,544

/zigman2/quotes/201272020/composite

Add to watchlist IONS

Ionis Pharmaceuticals Inc.

US : U.S.: Nasdaq

$ 40.50

-0.42 -1.03%

Volume: 481,174

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$5.81 billion

Rev. per Employee

$1.33M

/zigman2/quotes/206140855/composite

Add to watchlist SRPT

Sarepta Therapeutics Inc.

US : U.S.: Nasdaq

$ 117.84

-1.16 -0.97%

Volume: 781,975

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.45 billion

Rev. per Employee

$1.04M

/zigman2/quotes/202651591/composite

Add to watchlist AYX

Alteryx Inc. Cl A

US : U.S.: NYSE

$ 56.08

-0.64 -1.13%

Volume: 1.15M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.91 billion

Rev. per Employee

$364,040

/zigman2/quotes/206554267/composite

Add to watchlist GPS

Gap Inc.

US : U.S.: NYSE

$ 14.56

-0.70 -4.59%

Volume: 9.67M

Feb. 6, 2023 4:02p

P/E Ratio

93.21

Dividend Yield

4.12%

Market Cap

$5.57 billion

Rev. per Employee

$163,897

/zigman2/quotes/207929745/composite

Add to watchlist AMED

Amedisys Inc.

US : U.S.: Nasdaq

$ 90.03

-2.11 -2.29%

Volume: 261,710

Feb. 6, 2023 4:00p

P/E Ratio

24.36

Dividend Yield

N/A

Market Cap

$2.99 billion

Rev. per Employee

$105,736

/zigman2/quotes/219854788/composite

Add to watchlist OSH

Oak Street Health Inc.

US : U.S.: NYSE

$ 25.96

-0.66 -2.48%

Volume: 4.36M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$6.47 billion

Rev. per Employee

$411,938

/zigman2/quotes/221054928/composite

Add to watchlist PLTR

Palantir Technologies Inc.

US : U.S.: NYSE

$ 8.31

-0.10 -1.19%

Volume: 38.85M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$17.49 billion

Rev. per Employee

$626,751

/zigman2/quotes/205021014/composite

Add to watchlist RUN

SunRun Inc.

US : U.S.: Nasdaq

$ 26.49

-0.47 -1.74%

Volume: 5.17M

Feb. 6, 2023 4:00p

P/E Ratio

91.09

Dividend Yield

N/A

Market Cap

$5.75 billion

Rev. per Employee

$188,658

/zigman2/quotes/208773050/composite

Add to watchlist LZ

LegalZoom.com Inc.

US : U.S.: Nasdaq

$ 8.57

-0.19 -2.17%

Volume: 433,790

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.69 billion

Rev. per Employee

$504,622

/zigman2/quotes/206734450/composite

Add to watchlist COMM

CommScope Holding Co. Inc.

US : U.S.: Nasdaq

$ 8.23

-0.20 -2.37%

Volume: 1.85M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.76 billion

Rev. per Employee

$304,477

/zigman2/quotes/211319641/composite

Add to watchlist PINS

Pinterest Inc.

US : U.S.: NYSE

$ 27.89

+0.41 +1.49%

Volume: 29.89M

Feb. 6, 2023 4:05p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$18.51 billion

Rev. per Employee

N/A

/zigman2/quotes/205087179/composite

Add to watchlist ROKU

Roku Inc. Cl A

US : U.S.: Nasdaq

$ 62.21

-0.63 -1.00%

Volume: 4.06M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$8.75 billion

Rev. per Employee

$1.04M

/zigman2/quotes/226048330/composite

Add to watchlist AGL

agilon health inc.

US : U.S.: NYSE

$ 21.27

-0.78 -3.54%

Volume: 3.07M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$9.08 billion

Rev. per Employee

$3.83M

/zigman2/quotes/203902116/composite

Add to watchlist JWN

Nordstrom Inc.

US : U.S.: NYSE

$ 24.18

-2.20 -8.34%

Volume: 16.66M

Feb. 6, 2023 4:00p

P/E Ratio

12.08

Dividend Yield

3.14%

Market Cap

$4.22 billion

Rev. per Employee

$218,000

/zigman2/quotes/213120645/composite

Add to watchlist DKNG

DraftKings Inc.

US : U.S.: Nasdaq

$ 16.95

+0.08 +0.47%

Volume: 9.75M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$14.20 billion

Rev. per Employee

$546,663

/zigman2/quotes/211319643/composite

Add to watchlist ZM

Zoom Video Communications Inc.

US : U.S.: Nasdaq

$ 77.07

-2.47 -3.11%

Volume: 2.86M

Feb. 6, 2023 4:00p

P/E Ratio

33.76

Dividend Yield

N/A

Market Cap

$23.25 billion

Rev. per Employee

$640,420

/zigman2/quotes/226005952/composite

Add to watchlist TSP

TuSimple Holdings Inc.

US : U.S.: Nasdaq

$ 2.48

-0.16 -6.06%

Volume: 2.82M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$595.87 million

Rev. per Employee

$6,829

/zigman2/quotes/206556281/composite

Add to watchlist DCT

Duck Creek Technologies Inc.

US : U.S.: Nasdaq

$ 18.90

-0.01 -0.05%

Volume: 761,175

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.56 billion

Rev. per Employee

$152,076

/zigman2/quotes/204236620/composite

Add to watchlist RNG

RingCentral Inc. Cl A

US : U.S.: NYSE

$ 42.74

-1.98 -4.43%

Volume: 1.57M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.29 billion

Rev. per Employee

$487,900

/zigman2/quotes/208028170/composite

Add to watchlist PLTK

Playtika Holding Corp.

US : U.S.: Nasdaq

$ 10.22

-0.53 -4.93%

Volume: 2.29M

Feb. 6, 2023 4:00p

P/E Ratio

14.52

Dividend Yield

N/A

Market Cap

$3.88 billion

Rev. per Employee

$658,325