Skip to content

These Are The Five Best And Worst Performing Large-Cap Stocks In August 2022

  • by

Author: 247patrick
Source

Large companies are set to face a new set of challenges in the coming months stemming from Russia’s invasion of Ukraine, rising interest rates, and the COVID-19 pandemic. Many analysts are now predicting a recession, and this could be bad news for general investors.

Thus, it is important that investors own stocks that are less volatile. Large-cap stocks are considered to be less volatile than their smaller siblings.

Moreover, during a bear market, large-cap stocks tend to outperform small-cap stocks, and so, investors might want to add such stocks to their portfolios. Let’s take a look at the five best and worst performing large-cap stocks in August 2022.

Five Best Performing Large-Cap Stocks In August 2022

We have used the August return data from finviz.com to come up with the five best and worst performing large-cap stocks in August 2022. First, let’s take a look at the five best performing large-cap stocks in August 2022:

  1. First Solar (28%)

Founded in 1999 and headquartered in Tempe, Ariz., this company makes and markets photovoltaic solar power systems and solar modules. First Solar, Inc. (NASDAQ:FSLR) shares are up by almost 57% year to date and up by almost 121% in the last three months.

As of this writing, First Solar shares are trading at above $135 (52-week range of $59.60 to $139.91), giving it a market capitalization of more than $14 billion.

  1. Trade Desk (31%)

Founded in 2009 and headquartered in Ventura, Calif., this company offers a technology platform for advertising buyers. Trade Desk Inc (NASDAQ:TTD) shares are down by over 26% year to date but are up by over 48% in the last three months.

As of this writing, Trade Desk shares are trading at above $68 (52-week range of $39.00 to $114.09), giving it a market capitalization of more than $32 billion.

  1. Shockwave Medical (34%)

Founded in 2009 and headquartered in Santa Clara, Calif., it is a medical device company that develops products related to the treatment of calcified cardiovascular disease. Shockwave Medical Inc (NASDAQ:SWAV) shares are up by almost 61% year to date and up over 75% in the last three months.

As of this writing, Shockwave Medical shares are trading at above $261 (52-week range of $113.36 to $314.90), giving it a market capitalization of more than $10 billion.

  1. Wolfspeed (36%)

Founded in 1987 and headquartered in Durham, N.C., this company offers silicon carbide materials, power-switching devices and RF devices. Wolfspeed Inc (NYSE:WOLF) shares are up by almost 6% year to date and up almost 82% in the last three months.

As of this writing, Wolfspeed shares are trading at above $118 (52-week range of $58.07 to $142.33), giving it a market capitalization of more than $14 billion.

  1. Alnylam Pharmaceuticals (46%)

Founded in 2002 and headquartered in Cambridge, Mass., it is a commercial-stage biopharmaceutical company that discovers, develops and markets RNAi therapeutics. Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) shares are up by over 25% year to date and up almost 59% in the last three months.

As of this writing, Alnylam Pharmaceuticals shares are trading at above $210 (52-week range of $117.58 to $236.80), giving it a market capitalization of more than $26 billion.

Five Worst Performing Large-Cap Stocks In August 2022

  1. Ball (-22%)

Founded in 1880 and headquartered in Westminster, Colo., this company offers metal packaging for beverages, foods, and household products. Ball Corp (NYSE:BALL) shares are down by almost 37% year to date and down almost 9% in the last three months.

As of this writing, Ball shares are trading at above $61 (52-week range of $54.56 to $97.99), giving it a market capitalization of more than $18 billion.

  1. Twilio (-23%)

Founded in 2008 and headquartered in San Francisco, this company develops communications software, as well as offers a cloud-based platform and services. Twilio Inc (NYSE:TWLO) shares are down by over 71% year to date and down almost 8% in the last three months.

As of this writing, Twilio shares are trading at above $76 (52-week range of $64.29 to $373.00), giving it a market capitalization of more than $13 billion.

  1. Zoom Video Communications (-26%)

Founded in 2011 and headquartered in San Jose, Calif., this company offers video communication products for meetings, chat, webinars and workspaces. Zoom Video Communications Inc (NASDAQ:ZM) shares are down by over 54% year to date and down over 21% in the last three months.

As of this writing, Zoom Video Communications shares are trading at above $84 (52-week range of $77.79 to $291.88), giving it a market capitalization of more than $24 billion.

  1. Match Group (-26%)

Founded in 1995 and headquartered in Dallas, this company offers dating products, including Tinder, Match, Meetic, OkCupid and more. Match Group Inc (NASDAQ:MTCH) shares are down by over 52% year to date and down almost 14% in the last three months.

As of this writing, Match Group shares are trading at above $64 (52-week range of $53.19 to $182.00), giving it a market capitalization of more than $17 billion.

  1. Palantir Technologies (-29%)

Founded in 2003 and headquartered in Denver, this company develops data integration and software solutions. Palantir Technologies Inc (NYSE:PLTR) shares are down by over 56% year to date but are up by over 2% in the last three months.

As of this writing, Palantir Technologies shares are trading at above $8.10 (52-week range of $6.44 to $29.29), giving it a market capitalization of more than $16 billion.

This article originally appeared on ValueWalk

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Go to Source

Tags: