As Apple Hits $2 Trillion, Which Stocks Are Headed the Other Direction?

U.S. businesses have not all weathered the current COVID-19 storm in the same way. For plenty of big corporations, the pandemic might actually have helped business — particularly those that have focused on remote delivery of goods and services. For countless others, though, the pandemic has been the sort of catastrophe that no CEO can really prepare for. To have the very nature of your business undermined by a crisis like this isn’t something you can plan for, and a number of companies are struggling in an environment where lockdown measures and a slowdown in travel cause huge disruptions in their business models.

So which companies are facing the toughest times? One way to gauge how a corporation is doing is to look at its stock market performance during the pandemic. GOBankingRates analyzed all of the components of the S&P 500 index, sourced from Barchart, and then used Google Finance market data to find the Jan. 2 closing price and Oct. 2 closing price for each component and determine which stocks suffered the greatest losses. Keep reading for a closer look at how far some stocks have fallen during the coronavirus.

Last updated: Oct. 19, 2020

50. Howmet Aerospace Inc.

Stock price:
- Jan. 2, 2020: $31.54
- Oct. 2, 2020: $17.88
- Price drop: 43.31%
Market cap:
- Jan. 2, 2020: $13,755,918,680
- Oct. 2, 2020: $7,798,218,960
- Market value loss: $5.96 billion

49. Huntington Ingalls Industries

Stock price:
- Jan. 2, 2020: $255.85
- Oct. 2, 2020: $144.13
- Price drop: 43.67%
Market cap:
- Jan. 2, 2020: $10,359,878,200
- Oct. 2, 2020: $5,836,111,960
- Market value loss: $4.52 billion

48. Hess Corporation

Stock price:
- Jan. 2, 2020: $67.72
- Oct. 2, 2020: $37.71
- Price drop: 44.31%
Market cap:
- Jan. 2, 2020: $20,799,791,680
- Oct. 2, 2020: $11,582,400,240
- Market value loss: $9.22 billion

47. SL Green Realty Corporation

Stock price:
- Jan. 2, 2020: $88.91
- Oct. 2, 2020: $49.36
- Price drop: 44.48%
Market cap:
- Jan. 2, 2020: $6,512,746,410
- Oct. 2, 2020: $3,615,669,360
- Market value loss: $2.90 billion

46. Under Armour Class A

Stock price:
- Jan. 2, 2020: $21.78
- Oct. 2, 2020: $12.06
- Price drop: 44.63%
Market cap:
- Jan. 2, 2020: $4,106,226,960
- Oct. 2, 2020: $2,273,695,920
- Market value loss: $1.83 billion

45. Alaska Air Group

Stock price:
- Jan. 2, 2020: $68.17
- Oct. 2, 2020: $37.52
- Price drop: 44.96%
Market cap:
- Jan. 2, 2020: $8,428,538,800
- Oct. 2, 2020: $4,638,972,800
- Market value loss: $3.79 billion

44. Comerica Inc.

Stock price:
- Jan. 2, 2020: $71.75
- Oct. 2, 2020: $39.33
- Price drop: 45.18%
Market cap:
- Jan. 2, 2020: $9,976,048,250
- Oct. 2, 2020: $5,468,403,870
- Market value loss: $4.51 billion

43. Western Digital Corporation

Stock price:
- Jan. 2, 2020: $65.62
- Oct. 2, 2020: $35.96
- Price drop: 45.20%
Market cap:
- Jan. 2, 2020: $19,851,756,120
- Oct. 2, 2020: $10,878,834,960
- Market value loss: $8.97 billion

42. Under Armour Class C

Stock price:
- Jan. 2, 2020: $19.24
- Oct. 2, 2020: $10.54
- Price drop: 45.22%
Market cap:
- Jan. 2, 2020: $4,454,156,200
- Oct. 2, 2020: $2,440,062,700
- Market value loss: $2.01 billion

41. M&T Bank Corporation

Stock price:
- Jan. 2, 2020: $171.07
- Oct. 2, 2020: $93.53
- Price drop: 45.33%
Market cap:
- Jan. 2, 2020: $21,944,859,600
- Oct. 2, 2020: $11,998,028,400
- Market value loss: $9.95 billion

40. Lincoln National Corporation

Stock price:
- Jan. 2, 2020: $59.75
- Oct. 2, 2020: $32.64
- Price drop: 45.37%
Market cap:
- Jan. 2, 2020: $11,546,568,000
- Oct. 2, 2020: $6,307,614,720
- Market value loss: $5.24 billion

39. American International Group

Stock price:
- Jan. 2, 2020: $51.76
- Oct. 2, 2020: $28.22
- Price drop: 45.48%
Market cap:
- Jan. 2, 2020: $44,587,823,840
- Oct. 2, 2020: $24,309,667,480
- Market value loss: $20.28 billion

38. Vornado Realty Trust

Stock price:
- Jan. 2, 2020: $65.50
- Oct. 2, 2020: $35.71
- Price drop: 45.48%
Market cap:
- Jan. 2, 2020: $12,520,390,500
- Oct. 2, 2020: $6,826,002,210
- Market value loss: $5.69 billion

37. Delta Air Lines Inc.

Stock price:
- Jan. 2, 2020: $59.04
- Oct. 2, 2020: $31.75
- Price drop: 46.22%
Market cap:
- Jan. 2, 2020: $37,659,077,280
- Oct. 2, 2020: $20,251,959,750
- Market value loss: $17.41 billion

36. Citigroup Inc.

Stock price:
- Jan. 2, 2020: $81.23
- Oct. 2, 2020: $43.66
- Price drop: 46.25%
Market cap:
- Jan. 2, 2020: $169,109,893,950
- Oct. 2, 2020: $90,894,225,900
- Market value loss: $78.22 billion

35. Flowserve Corporation

Stock price:
- Jan. 2, 2020: $50.68
- Oct. 2, 2020: $27.23
- Price drop: 46.27%
Market cap:
- Jan. 2, 2020: $6,596,508,800
- Oct. 2, 2020: $3,544,256,800
- Market value loss: $3.05 billion

34. General Electric Company

Stock price:
- Jan. 2, 2020: $11.93
- Oct. 2, 2020: $6.39
- Price drop: 46.44%
Market cap:
- Jan. 2, 2020: $104,426,737,770
- Oct. 2, 2020: $55,933,516,710
- Market value loss: $48.49 billion

33. Xerox Corporation

Stock price:
- Jan. 2, 2020: $36.93
- Oct. 2, 2020: $19.05
- Price drop: 48.42%
Market cap:
- Jan. 2, 2020: $7,866,607,020
- Oct. 2, 2020: $4,057,916,700
- Market value loss: $3.81 billion

32. Wynn Resorts, Ltd.

Stock price:
- Jan. 2, 2020: $143.60
- Oct. 2, 2020: $73.20
- Price drop: 49.03%
Market cap:
- Jan. 2, 2020: $15,486,972,800
- Oct. 2, 2020: $7,894,473,600
- Market value loss: $7.59 billion

31. Conocophillips

Stock price:
- Jan. 2, 2020: $65.46
- Oct. 2, 2020: $33.07
- Price drop: 49.48%
Market cap:
- Jan. 2, 2020: $70,210,170,360
- Oct. 2, 2020: $35,469,757,620
- Market value loss: $34.74 billion

30. Boeing Company

Stock price:
- Jan. 2, 2020: $333.32
- Oct. 2, 2020: $168.08
- Price drop: 49.57%
Market cap:
- Jan. 2, 2020: $188,142,140,680
- Oct. 2, 2020: $94,872,587,920
- Market value loss: $93.27 billion

29. Dxc Technology Company

Stock price:
- Jan. 2, 2020: $36.76
- Oct. 2, 2020: $18.36
- Price drop: 50.05%
Market cap:
- Jan. 2, 2020: $9,344,208,200
- Oct. 2, 2020: $4,667,020,200
- Market value loss: $4.68 billion

28. Concho Resources Inc.

Stock price:
- Jan. 2, 2020: $86.95
- Oct. 2, 2020: $43.07
- Price drop: 50.47%
Market cap:
- Jan. 2, 2020: $17,103,673,650
- Oct. 2, 2020: $8,472,170,490
- Market value loss: $8.63 billion

27. Baker Hughes, A GE Company, Cl A

Stock price:
- Jan. 2, 2020: $25.61
- Oct. 2, 2020: $12.65
- Price drop: 50.61%
Market cap:
- Jan. 2, 2020: $16,624,475,400
- Oct. 2, 2020: $8,211,621,000
- Market value loss: $8.41 billion

26. Royal Caribbean Cruises, Ltd.

Stock price:
- Jan. 2, 2020: $134.65
- Oct. 2, 2020: $65.26
- Price drop: 51.53%
Market cap:
- Jan. 2, 2020: $28,905,046,200
- Oct. 2, 2020: $14,009,233,680
- Market value loss: $14.90 billion

25. Simon Property Group

Stock price:
- Jan. 2, 2020: $145.09
- Oct. 2, 2020: $68.20
- Price drop: 52.99%
Market cap:
- Jan. 2, 2020: $44,381,144,830
- Oct. 2, 2020: $20,861,493,400
- Market value loss: $23.52 billion

24. Exxon Mobil Corporation

Stock price:
- Jan. 2, 2020: $70.90
- Oct. 2, 2020: $32.98
- Price drop: 53.48%
Market cap:
- Jan. 2, 2020: $299,781,719,700
- Oct. 2, 2020: $139,447,124,340
- Market value loss: $160.33 billion

23. Halliburton Company

Stock price:
- Jan. 2, 2020: $24.68
- Oct. 2, 2020: $11.31
- Price drop: 54.17%
Market cap:
- Jan. 2, 2020: $21,680,639,600
- Oct. 2, 2020: $9,935,495,700
- Market value loss: $11.75 billion

22. Marathon Petroleum Corporation

Stock price:
- Jan. 2, 2020: $61.91
- Oct. 2, 2020: $28.27
- Price drop: 54.34%
Market cap:
- Jan. 2, 2020: $40,284,527,450
- Oct. 2, 2020: $18,395,147,650
- Market value loss: $21.89 billion

21. Phillips 66

Stock price:
- Jan. 2, 2020: $112.20
- Oct. 2, 2020: $51.06
- Price drop: 54.49%
Market cap:
- Jan. 2, 2020: $48,997,403,400
- Oct. 2, 2020: $22,297,748,820
- Market value loss: $26.70 billion

20. American Airlines Group

Stock price:
- Jan. 2, 2020: $29.09
- Oct. 2, 2020: $13.00
- Price drop: 55.31%
Market cap:
- Jan. 2, 2020: $14,794,068,580
- Oct. 2, 2020: $6,611,306,000
- Market value loss: $8.18 billion

19. Wells Fargo & Company

Stock price:
- Jan. 2, 2020: $53.75
- Oct. 2, 2020: $23.99
- Price drop: 55.37%
Market cap:
- Jan. 2, 2020: $221,452,526,250
- Oct. 2, 2020: $98,839,927,530
- Market value loss: $122.61 billion

18. Valero Energy Corporation

Stock price:
- Jan. 2, 2020: $95.13
- Oct. 2, 2020: $40.73
- Price drop: 57.18%
Market cap:
- Jan. 2, 2020: $38,789,923,410
- Oct. 2, 2020: $16,607,942,610
- Market value loss: $22.18 billion

17. EOG Resources

Stock price:
- Jan. 2, 2020: $84.14
- Oct. 2, 2020: $34.81
- Price drop: 58.63%
Market cap:
- Jan. 2, 2020: $48,990,010,160
- Oct. 2, 2020: $20,267,913,640
- Market value loss: $28.72 billion

16. Kohl’s Corporation

Stock price:
- Jan. 2, 2020: $49.11
- Oct. 2, 2020: $19.96
- Price drop: 59.36%
Market cap:
- Jan. 2, 2020: $7,748,330,250
- Oct. 2, 2020: $3,149,189,000
- Market value loss: $4.60 billion

15. United Airlines Holdings Inc.

Stock price:
- Jan. 2, 2020: $89.74
- Oct. 2, 2020: $36.01
- Price drop: 59.87%
Market cap:
- Jan. 2, 2020: $26,112,904,160
- Oct. 2, 2020: $10,478,333,840
- Market value loss: $15.63 billion

14. Schlumberger N.V.

Stock price:
- Jan. 2, 2020: $40.17
- Oct. 2, 2020: $15.57
- Price drop: 61.24%
Market cap:
- Jan. 2, 2020: $55,760,057,340
- Oct. 2, 2020: $21,612,748,140
- Market value loss: $34.15 billion

13. Apache Corporation

Stock price:
- Jan. 2, 2020: $25.36
- Oct. 2, 2020: $9.74
- Price drop: 61.59%
Market cap:
- Jan. 2, 2020: $9,572,360,240
- Oct. 2, 2020: $3,676,450,660
- Market value loss: $5.90 billion

12. HollyFrontier Corporation

Stock price:
- Jan. 2, 2020: $51.39
- Oct. 2, 2020: $19.60
- Price drop: 61.86%
Market cap:
- Jan. 2, 2020: $8,325,950,850
- Oct. 2, 2020: $3,175,494,000
- Market value loss: $5.15 billion

11. Devon Energy Corporation

Stock price:
- Jan. 2, 2020: $25.79
- Oct. 2, 2020: $9.60
- Price drop: 62.78%
Market cap:
- Jan. 2, 2020: $9,867,434,530
- Oct. 2, 2020: $3,673,027,200
- Market value loss: $6.19 billion

10. Noble Energy Inc.

Stock price:
- Jan. 2, 2020: $24.13
- Oct. 2, 2020: $8.46
- Price drop: 64.94%
Market cap:
- Jan. 2, 2020: $11,694,604,500
- Oct. 2, 2020: $4,100,139,000
- Market value loss: $7.59 billion

9. ONEOK Inc.

Stock price:
- Jan. 2, 2020: $75.71
- Oct. 2, 2020: $26.53
- Price drop: 64.96%
Market cap:
- Jan. 2, 2020: $33,630,533,420
- Oct. 2, 2020: $11,784,679,060
- Market value loss: $21.85 billion

8. National Oilwell Varco

Stock price:
- Jan. 2, 2020: $25.26
- Oct. 2, 2020: $8.70
- Price drop: 65.56%
Market cap:
- Jan. 2, 2020: $9,808,053,840
- Oct. 2, 2020: $3,378,070,800
- Market value loss: $6.43 billion

7. Diamondback Energy

Stock price:
- Jan. 2, 2020: $92.65
- Oct. 2, 2020: $30.47
- Price drop: 67.11%
Market cap:
- Jan. 2, 2020: $14,622,393,600
- Oct. 2, 2020: $4,808,897,280
- Market value loss: $9.81 billion

6. Marathon Oil Corporation

Stock price:
- Jan. 2, 2020: $13.68
- Oct. 2, 2020: $4.12
- Price drop: 69.88%
Market cap:
- Jan. 2, 2020: $10,799,525,520
- Oct. 2, 2020: $3,252,488,680
- Market value loss: $7.55 billion

5. TechnipFMC plc

Stock price:
- Jan. 2, 2020: $21.33
- Oct. 2, 2020: $6.38
- Price drop: 70.09%
Market cap:
- Jan. 2, 2020: $9,584,251,560
- Oct. 2, 2020: $2,866,738,160
- Market value loss: $6.72 billion

4. Carnival Corporation

Stock price:
- Jan. 2, 2020: $51.31
- Oct. 2, 2020: $15.16
- Price drop: 70.45%
Market cap:
- Jan. 2, 2020: $30,820,018,530
- Oct. 2, 2020: $9,106,051,080
- Market value loss: $21.71 billion

3. Norwegian Cruise Line Holdings Ltd.

Stock price:
- Jan. 2, 2020: $58.83
- Oct. 2, 2020: $17.27
- Price drop: 70.64%
Market cap:
- Jan. 2, 2020: $16,214,665,770
- Oct. 2, 2020: $4,759,940,130
- Market value loss: $11.45 billion

2. Coty Inc.

Stock price:
- Jan. 2, 2020: $11.05
- Oct. 2, 2020: $2.91
- Price drop: 73.67%
Market cap:
- Jan. 2, 2020: $8,454,653,350
- Oct. 2, 2020: $2,226,519,570
- Market value loss: $6.23 billion

1. Occidental Petroleum Corporation

Stock price:
- Jan. 2, 2020: $42.58
- Oct. 2, 2020: $9.87
- Price drop: 76.82%
Market cap:
- Jan. 2, 2020: $39,605,446,360
- Oct. 2, 2020: $9,180,501,540
- Market value loss: $30.42 billion

More From GOBankingRates

Please note photos are for illustrative purposes only. As a result, some of the photos might not precisely reflect the companies listed in this article.

Looks like you're using an adblocker

Commitment to Our Readers