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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 -0.11% 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 -0.10% ) and the Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX -0.87% (tracked by the Invesco QQQ Trust /zigman2/quotes/208575548/composite QQQ -0.84% ) 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 +1.75% 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 /zigman2/quotes/200511275/composite DISCA   $27.75 -64.5% $78.14 03/19/2021
ViacomCBS Inc. Class B /zigman2/quotes/200340870/composite VIAC   $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. /zigman2/quotes/206700852/composite CTXS   $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
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4,544.90
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$ 909.68
+15.68 +1.75%
Volume: 22.88M
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P/E Ratio
474.01
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N/A
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$900.60 billion
Rev. per Employee
$445,694
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$ 25.10
+0.10 +0.40%
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12.15
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$1.09M
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US : U.S.: Nasdaq
$ 37.51
-0.27 -0.71%
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P/E Ratio
7.06
Dividend Yield
2.56%
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US : U.S.: Nasdaq
$ 74.63
-2.61 -3.38%
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P/E Ratio
28.15
Dividend Yield
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$195,333
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+1.90 +1.96%
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Dividend Yield
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$124.14 billion
Rev. per Employee
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$ 177.64
-2.96 -1.64%
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P/E Ratio
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$ 277.58
+2.80 +1.02%
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P/E Ratio
83.86
Dividend Yield
N/A
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$82.48 billion
Rev. per Employee
$599,586
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US : U.S.: Nasdaq
$ 167.47
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P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$27.05 billion
Rev. per Employee
$342,982
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/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 25.48
-0.02 -0.08%
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P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.43 billion
Rev. per Employee
$37,315
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/zigman2/quotes/210510831/composite
US : U.S.: Nasdaq
$ 30.44
-0.76 -2.44%
Volume: 3.26M
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P/E Ratio
5.76
Dividend Yield
N/A
Market Cap
$19.87 billion
Rev. per Employee
$79,450
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/zigman2/quotes/206700852/composite
US : U.S.: Nasdaq
$ 99.89
-0.31 -0.31%
Volume: 918,843
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P/E Ratio
34.60
Dividend Yield
1.48%
Market Cap
$12.41 billion
Rev. per Employee
$359,633
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$ 183.52
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P/E Ratio
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-1.00 -1.05%
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P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
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Rev. per Employee
$464,304
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 46.73
+0.01 +0.02%
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P/E Ratio
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Dividend Yield
N/A
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Rev. per Employee
$206,384
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Dividend Yield
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+0.67 +2.48%
Volume: 10.65M
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P/E Ratio
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