Deep Dive: 25 stocks, including Tesla and Nvidia, that are down 30% or more from 52-week highs

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You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.

But check out this Twitter posting from July 19:

Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.

The S&P 500 Index
SPX,
-1.93%

was up 15% (excluding dividends) for 2021 through 11:15 a.m. ET on July 19, following a 16% gain in 2020. The benchmark index has pulled back only 3% from its all-time intraday high set on May 10, but there are many stocks that have had much more significant declines.

To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust
SPY,
-1.91%

) and the Nasdaq-100 Index
NDX,
-1.35%

(tracked by the Invesco QQQ Trust
QQQ,
-1.36%

) and identified stocks that were down at least 30% from their intraday 52-week highs.

Some investors looking for good entry points might make use of the list, but keep in mind that it only looks back for a year and says nothing about how much a stock may have risen or fallen before.

Here are the 25 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:

Company

Price – 11:15 a.m. ET on July 19

Decline from 52-week high

52-week high

Date of 52-week high

Moderna Inc. 
MRNA,
+7.20%
$301.34

-65.9%

$306.00

07/19/2021

Applied Materials Inc.
AMAT,
-0.70%

 

$127.00

-40.9%

$146.00

04/05/2021

ASML Holding NV ADR 
ASML,
-1.37%
$680.60

-32.5%

$723.01

07/14/2021

Baidu Inc. Sponsored ADR Class A
BIDU,
-2.18%

 

$175.35

-39.1%

$354.82

02/22/2021

Biogen Inc.
BIIB,
-0.59%

 

$324.56

-47.7%

$468.55

06/07/2021

Carnival Corp.
CCL,
-4.80%

 

$19.75

-37.3%

$31.52

06/08/2021

Citrix Systems Inc.
CTXS,
-2.17%

 

$114.83

-33.8%

$173.56

07/22/2020

Discovery Inc. Class A
DISCA,
-1.08%

 

$27.73

-64.5%

$78.14

03/19/2021

Freeport-McMoRan Inc.
FCX,
-2.95%

 

$32.09

-30.4%

$46.10

05/10/2021

Fox Corp. Class B
FOX,
-1.49%

 

$32.90

-31.5%

$42.14

03/16/2021

Fox Corp. Class A
FOXA,
-0.99%

 

$34.85

-35.0%

$44.80

03/16/2021

Alphabet Inc. Class C
GOOG,
-2.17%

 

$2,580.95

-34.1%

$2,659.92

07/14/2021

Alphabet Inc. Class A 
GOOGL,
-2.20%
$2,485.13

-32.2%

$2,586.53

07/14/2021

Illumina Inc.
ILMN,
+1.07%

 

$469.63

-33.4%

$555.77

02/12/2021

Lam Research Corp.
LRCX,
-1.11%

 

$590.14

-29.9%

$673.80

06/01/2021

Norwegian Cruise Line Holdings Ltd.
NCLH,
-4.88%

 

$21.90

-36.5%

$34.49

03/04/2021

Nvidia Corp.
NVDA,
+2.98%

 

$757.77

-37.5%

$835.00

07/07/2021

Penn National Gaming Inc.
PENN,
-0.11%

 

$65.93

-53.6%

$142.00

03/15/2021

Royal Caribbean Group
RCL,
-3.33%

 

$69.67

-29.8%

$99.24

02/25/2021

Tesla Inc.
TSLA,
-1.27%

 

$630.11

-30.0%

$900.40

01/25/2021

United Airlines Holdings Inc.
UAL,
-5.00%

 

$43.63

-31.5%

$63.70

03/18/2021

ViacomCBS Inc. Class B
VIAC,
-1.56%

 

$40.13

-60.7%

$101.97

03/15/2021

Vertex Pharmaceuticals Inc.
VRTX,
-1.60%

 

$198.91

-34.6%

$304.00

07/20/2020

Walgreens Boots Alliance Inc.
WBA,
-1.55%

 

$45.38

-30.1%

$57.05

04/06/2021

Zoom Video Communications Inc. Class A
ZM,
-4.63%

 

$348.22

-42.7%

$588.84

10/19/2020

Source: FactSet

The 52-week highs are adjusted by FactSet for any splits or spin-offs.

You can click on the tickers for more about each company. Remember that a couple of data points aren’t enough to select a stock for investment. It is best to do your own research to form your own opinion about a company’s prospects with its industy.

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