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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

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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 /zigman2/quotes/210599714/realtime SPX -1.44% 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 /zigman2/quotes/209901640/composite SPY -1.44% ) and the Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX -2.01% (tracked by the Invesco QQQ Trust /zigman2/quotes/208575548/composite QQQ -2.07% ) 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. /zigman2/quotes/203558040/composite TSLA -1.44% 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   $27.75 -64.5% $78.14 03/19/2021
ViacomCBS Inc. Class B   $39.46 -61.3% $101.97 03/15/2021
Penn National Gaming Inc. /zigman2/quotes/209264611/composite PENN   $65.78 -53.7% $142.00 03/15/2021
Pinduoduo Inc. ADR Class A /zigman2/quotes/208876581/composite PDD   $102.91 -51.6% $212.60 02/16/2021
Baidu Inc. ADR Class A /zigman2/quotes/209050136/composite BIDU   $175.80 -50.5% $354.82 02/22/2021
Zoom Video Communications Inc. Class A /zigman2/quotes/211319643/composite ZM   $345.49 -41.3% $588.84 10/19/2020
Splunk Inc. /zigman2/quotes/203060494/composite 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. /zigman2/quotes/204183397/composite NCLH   $21.91 -36.5% $34.49 03/04/2021
Trip.com Group Ltd. ADR /zigman2/quotes/210510831/composite TCOM   $28.89 -36.1% $45.19 03/17/2021
Citrix Systems Inc.   $113.57 -34.6% $173.56 07/22/2020
Vertex Pharmaceuticals Inc. /zigman2/quotes/202259802/composite 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 /zigman2/quotes/208035743/composite PTON   $116.64 -31.8% $171.09 01/14/2021
United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL   $43.45 -31.8% $63.70 03/18/2021
Seagen Inc. /zigman2/quotes/203326163/composite SGEN   $145.95 -31.8% $213.94 10/13/2020
Biogen Inc. /zigman2/quotes/201531540/composite BIIB   $322.58 -31.2% $468.55 06/07/2021
Freeport-McMoRan Inc. /zigman2/quotes/200215692/composite FCX   $31.96 -30.7% $46.10 05/10/2021
Diamondback Energy Inc. /zigman2/quotes/201200230/composite FANG   $71.69 -30.1% $102.53 07/01/2021
Royal Caribbean Group /zigman2/quotes/208854639/composite RCL   $69.42 -30.0% $99.24 02/25/2021
APA Corp. /zigman2/quotes/200648444/composite APA   $17.02 -30.0% $24.30 06/07/2021
Viatris Inc. /zigman2/quotes/209413137/composite 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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/zigman2/quotes/210599714/realtime
US : S&P US
3,941.26
-57.58 -1.44%
Volume: 0.00
Dec. 6, 2022 5:17p
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/zigman2/quotes/209901640/composite
US : U.S.: NYSE Arca
$ 393.83
-5.76 -1.44%
Volume: 77.97M
Dec. 6, 2022 4:00p
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/zigman2/quotes/210598364/realtime
US : Nasdaq
11,549.69
-237.11 -2.01%
Volume: 881,908
Dec. 6, 2022 5:16p
loading...
/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 281.68
-5.96 -2.07%
Volume: 53.94M
Dec. 6, 2022 4:15p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 179.82
-2.63 -1.44%
Volume: 92.15M
Dec. 6, 2022 4:00p
P/E Ratio
55.56
Dividend Yield
N/A
Market Cap
$576.13 billion
Rev. per Employee
$753,983
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/zigman2/quotes/209264611/composite
US : U.S.: Nasdaq
$ 33.97
-0.21 -0.61%
Volume: 2.28M
Dec. 6, 2022 4:00p
P/E Ratio
24.25
Dividend Yield
N/A
Market Cap
$5.30 billion
Rev. per Employee
$290,748
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/zigman2/quotes/208876581/composite
US : U.S.: Nasdaq
$ 86.91
-0.89 -1.01%
Volume: 9.95M
Dec. 6, 2022 4:00p
P/E Ratio
28.70
Dividend Yield
N/A
Market Cap
$111.01 billion
Rev. per Employee
$1.84M
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/zigman2/quotes/209050136/composite
US : U.S.: Nasdaq
$ 117.33
+0.41 +0.35%
Volume: 3.24M
Dec. 6, 2022 4:00p
P/E Ratio
62.97
Dividend Yield
N/A
Market Cap
$42.93 billion
Rev. per Employee
$414,984
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/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 71.47
-1.43 -1.96%
Volume: 2.66M
Dec. 6, 2022 4:00p
P/E Ratio
31.31
Dividend Yield
N/A
Market Cap
$21.31 billion
Rev. per Employee
$640,420
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/zigman2/quotes/203060494/composite
US : U.S.: Nasdaq
$ 84.60
-0.83 -0.97%
Volume: 1.57M
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$13.98 billion
Rev. per Employee
$471,960
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/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 15.83
-0.38 -2.34%
Volume: 12.47M
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.83 billion
Rev. per Employee
$109,858
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/zigman2/quotes/210510831/composite
US : U.S.: Nasdaq
$ 33.11
+0.41 +1.25%
Volume: 4.66M
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.92 billion
Rev. per Employee
$83,364
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/zigman2/quotes/202259802/composite
US : U.S.: Nasdaq
$ 311.81
-5.79 -1.82%
Volume: 1.06M
Dec. 6, 2022 4:00p
P/E Ratio
24.61
Dividend Yield
N/A
Market Cap
$81.53 billion
Rev. per Employee
$2.20M
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 12.46
-0.46 -3.56%
Volume: 12.64M
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.39 billion
Rev. per Employee
$347,293
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 45.92
+0.89 +1.98%
Volume: 7.60M
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.72 billion
Rev. per Employee
$484,507
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/zigman2/quotes/203326163/composite
US : U.S.: Nasdaq
$ 117.91
-3.31 -2.73%
Volume: 764,764
Dec. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$22.51 billion
Rev. per Employee
$696,865
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/zigman2/quotes/201531540/composite
US : U.S.: Nasdaq
$ 291.47
-1.28 -0.44%
Volume: 1.04M
Dec. 6, 2022 4:00p
P/E Ratio
14.85
Dividend Yield
N/A
Market Cap
$42.16 billion
Rev. per Employee
$1.00M
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/zigman2/quotes/200215692/composite
US : U.S.: NYSE
$ 38.46
-0.40 -1.03%
Volume: 14.97M
Dec. 6, 2022 4:03p
P/E Ratio
14.59
Dividend Yield
1.56%
Market Cap
$55.54 billion
Rev. per Employee
$965,223
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/zigman2/quotes/201200230/composite
US : U.S.: Nasdaq
$ 138.21
-3.79 -2.67%
Volume: 2.01M
Dec. 6, 2022 4:00p
P/E Ratio
5.63
Dividend Yield
2.03%
Market Cap
$24.99 billion
Rev. per Employee
$11.07M
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/zigman2/quotes/208854639/composite
US : U.S.: NYSE
$ 57.63
-1.79 -3.01%
Volume: 4.81M
Dec. 6, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$15.16 billion
Rev. per Employee
$84,927
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/zigman2/quotes/200648444/composite
US : U.S.: Nasdaq
$ 43.87
-1.84 -4.03%
Volume: 5.69M
Dec. 6, 2022 4:00p
P/E Ratio
4.19
Dividend Yield
2.28%
Market Cap
$14.70 billion
Rev. per Employee
$4.84M
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/zigman2/quotes/209413137/composite
US : U.S.: Nasdaq
$ 10.93
+0.01 +0.09%
Volume: 6.25M
Dec. 6, 2022 4:00p
P/E Ratio
16.57
Dividend Yield
4.39%
Market Cap
$13.24 billion
Rev. per Employee
$449,805
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