Investors have clipped the wings of high-flying tech stocks in recent weeks, as they re-focus on safer sectors such as utilities, health care and consumer staples. Shares of tech favorites such as Facebook, Netflix and Twitter are 19 percent to 46 percent below their recent peaks.
Here’s a look at how far some tech stocks have fallen from recent highs:
- Amazon.com Inc.
Peak: Jan. 22 at $408.06
Friday’s closing price: $311.73
Decrease: 24 percent
- Facebook Inc.
Peak: March 11 at $72.59
Friday’s closing price: $58.53
Decrease: 19 percent
- Google Inc.
Peak (split-adjusted): Feb. 26 at $615.04
Friday’s closing price: $537.76
Decrease: 13 percent
- LinkedIn Corp.
Peak: Sept. 11, 2013 at $257.56
Friday’s closing price: $165.78
Decrease: 36 percent
- Netflix Inc.
Peak: March 6 at $458
Friday’s closing price: $326.71
Decrease: 29 percent
- Twitter Inc.
Peak: Dec. 26. 2013 at $74.73
Friday’s closing price: $40.05
Decrease: 46 percent
- Yahoo Inc.
Peak: Jan. 4, 2000 at $125.03
52-week high: Jan. 8 at $41.72
Friday’s closing price: $32.87
Decrease from 52-week high: 21 percent
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