Tech heavyweights in the claws of the bear

Published on: December 6, 2018 / Update from: January 7, 2019 - Author: Konrad Wolfenstein

Shareholders of tech companies are likely to view the current developments with concern. The industry's heavyweights are currently firmly in the bear's clutches. A bear market is defined as a decline of 20 percent or more from a stock's 52-week high. Facebook, Netflix and Apple, which all meet this criterion, were hit particularly hard. But Amazon and Alphabet are also currently not far from the 20 percent threshold. Previously, tech papers had only known one direction for years, as the graphic shows.

Shareholders of tech companies are likely to view the current development with concern. The heavyweights of the industry are currently firmly in the clutches of the bear. A bear market is defined as a decline of 20 percent or more from the 52-week high of a stock. Facebook, Netflix and Apple, which all meet this criterion, have been hit particularly hard. But even Amazon and Alphabet have not currently made it far to the 20 percent threshold. Previously, tech paper had only known one direction for years, as the graph shows.

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