Some of the most popular stay-at- home stocks are right back where they started prior to the COVID 19 epidemic.
The investors who held onto shares before the Pandemic was declared on March 11, 2020, have seen all of the pandemic era stock gains erased or are slightly under water on those investments.
Even with Tuesday s pop after a strong quarter, the platform is trading at February 2020 levels.
On October 12, 2020, the shares of Zoom were at an all time high of $559. The stock is down 50% year-to-date.
The fitness maker was trading above $24 share on March 1st 2020, ten days before the pandemic.
On December 20, 2020, shares were at a new all-time high of $162. They reached an all time low of $11.25. In May of this year they reached an all time low of $11.25.
The digital signature app's shares reached a 52 week low of $75 in March of this year.
The investors have to go back in January of 2020 to see these same levels. In August of 2021, docusign reached a new all-time high of $310.
The stock of the telemedicine platform is trading at 2018 levels. Teledoc closed at $293 on February 7th, 2021, an all-time high.
The markets have been on a downward trend this year, with the Nasdaq Composite IXIC down 29% year-to-date as of Tuesday. Growth stocks have been hit particularly hard due to high inflation and rising interest rates.