Top Losers Bluechip Tech Stocks
Despite a bull run in the stock markets in particular technology sector which has performed well, a number of stocks from the sector witnessed decline in the month of February. Top losers bluechip tech stocks lost between -4% to -19% in a month.
There are over sixty bluechip technology stocks listed on Nasdaq and S&P500 indices. A number of these stocks witnessed market correction in their stock prices which led to sharp decline in their prices during the month.
The list comprises of top losers in the technology segment trading on Nasdaq and NYSE in the US market.
Table: Top Losers Tech Stocks
| Company | Symbol | Segment | 01-Feb | 29-Feb | Price Decline % |
|---|---|---|---|---|---|
| Atlassian Corp | TEAM | Application Software | 254.9 | 207.4 | -19% |
| Adobe Inc | ADBE | Application Software | 627.9 | 560.3 | -11% |
| Palo Alto Networks Inc | PANW | Systems Software | 340.0 | 310.6 | -9% |
| Paycom Software Inc | PAYC | Software & IT Services | 192.7 | 182.4 | -5% |
| Cisco Systems Inc | CSCO | Communications Equipment | 50.2 | 48.4 | -4% |