12 Stocks That Cratered During Biden’s Presidency

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According to data from investment research firm Morningstar, the S&P 500 returned just over 55% during former President Joe Biden’s term. While a bit of a meager performance compared with some of his predecessors, investors in the S&P 500 index still pocketed handsome profits over those four years.

For those who held the wrong individual stocks, however, the Biden presidency was a bit of a nightmare. This isn’t to say that Biden himself was directly responsible for the losses in these companies. In fact, he likely had little to do with their underperformance. Many of the stocks that were down during Biden’s presidency were in economic distress before he even took office. But from a strict calendar perspective, the historical record will show that a number of big-name stocks took it on the chin over those four years.

Regardless of the reasons for their decline, here’s a look at some of the most well-known stocks that cratered under Biden’s presidency, from his first day in office on Jan. 20, 2021, to the last trading day of his term: Jan. 17, 2025. The price of each stock as of Mar. 11, 2025 is also included by way of comparison.

Next, find out how the stock market performed under Biden compared to President Donald Trump’s first term.

Walgreens Boots Alliance (WBA)

• Price on Jan. 20, 2021: $38.18
• Price on Jan. 17, 2025: $12.52
• Percentage loss: -67.2%
• Price as of Mar. 11, 2025: $11.21

Estee Lauder (EL)

• Price on Jan. 20, 2021: $240.58
• Price on Jan. 17, 2025: $77.49
• Percentage loss: -67.8%
• Price as of Mar. 11, 2025: $69.60

Intel (INTC)

• Price on Jan. 20, 2021: $53.04
• Price on Jan. 17, 2025: $21.49
• Percentage loss: -59.5%
• Price as of Mar. 11, 2025: $19.78

Warner Bros. Discovery (WBD)

• Price on Jan. 20, 2021: $36.44
• Price on Jan. 17, 2025: $9.52
• Percentage loss: -73.9%
• Price as of Mar. 11, 2025: $10.37

Baxter International (BAX)

• Price on Jan. 20, 2021: $72.40
• Price on Jan. 17, 2025: $30.83
• Percentage loss: -57.4%
• Price as of Mar. 11, 2025: $35.85

Match (MTCH)

• Price on Jan. 20, 2021: $146.77
• Price on Jan. 17, 2025: $32.74
• Percentage loss: -77.7%
• Price as of Mar. 11, 2025: $31.36

Biogen (BIIB)

• Price on Jan. 20, 2021: $270.28
• Price on Jan. 17, 2025: $140.55
• Percentage loss: -48.0%
• Price as of Mar. 11, 2025: $143.66

Dollar General (DG)

• Price on Jan. 20, 2021: $193.90
• Price on Jan. 17, 2025: $68.44
• Percentage loss: -64.7%
• Price as of Mar. 11, 2025: $78.64

Global Payments (GPN)

• Price on Jan. 20, 2021: $184.80
• Price on Jan. 17, 2025: $108.42
• Percentage loss: -41.3%
• Price as of Mar. 11, 2025: $93.25

PayPal (PYPL)

• Price on Jan. 20, 2021: $244.26
• Price on Jan. 17, 2025: $91.81
• Percentage loss: -62.4%
• Price as of Mar. 11, 2025: $67.98

Boeing (BA)

• Price on Jan. 20, 2021: $211.45
• Price on Jan. 20, 2025: $171.09
• Percentage loss: -19.1%
• Price as of Mar. 11, 2025: $154.06

Southwest Airlines (LUV)

• Price on Jan. 20, 2021: $45.83
• Price on Jan. 20, 2025: $32.10
• Percentage loss: -30.0%
• Price as of Mar. 11, 2025: $30.35

Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. For more coverage on this topic, please check out 4 Stocks That Soared During Biden’s Presidency.

Editor’s note: Stock prices were sourced from Yahoo Finance and are accurate as of March 11, 2025.

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