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Making Sense Of Technology Stocks’ Recent Volatility
By The Smart Investor  •  March 26, 2021
Technology stocks in the USA have not been in the good graces of market participants in recent weeks. Take, for instance, the NASDAQ index, which has a heavy weighting (nearly half) toward companies in the technology sector. The index closed at a high of 14,095 this year on 12 February 2021, before falling by 10.5% to 12,609 on 8 March. Many technology companies’ share prices fared far worse over the same period. E-signature specialist DocuSign’s (NASDAQ: DOCU) share price declined by 27%. Peloton (NASDAQ: PTON), which sells its eponymous internet-enabled indoor bikes, saw its share price fall 34%. Latin American e-commerce powerhouse MercadoLibre (NASDAQ: MELI), digital payments provider PayPal (NASDAQ: PYPL), and e-commerce enabler Shopify (NYSE: SHOP), were down by 30%, 24%, and 26%, respectively. Fiverr (NYSE: FVRR), which runs an online platform to connect freelancers with businesses looking for freelancing services, experienced a 39% drop in its share price....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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