Tech Companies See Surge In Stock Prices In Pandemic Ridden 2021
Posted: January 14 2022 by www.digitalinformationworld.com
The pandemic has caused a lot of havoc from an economic point of view, causing the stock market to crash and also making it really difficult for people to maintain their businesses which resulted in further economic decline. With all of that having been said and now out of the way, it is important to note that tech companies were quite different in that they actually saw a huge increase in their stock prices during that period.Many tech companies saw massive surges in stock prices in 2020 with many users relying on tech because of the fact that this is the sort of thing that could potentially end up allowing people to make the most of their time during lockdown. 2021 has now drawn to a close, and it is amazing to see how many of these companies have managed to maintain their stock prices for the most part and see further growth.Alphabet was the best performer of the year among tech companies, seeing a 65% increase in its stock prices which is even better than the 35% surge it saw in 2020. Microsoft did well too, experiencing 51% growth which is ten points better than its 41% increase in 2020. However, it should be noted that these two are the only companies that managed to beat out their 2020 stock price growth in 2021, with most other corporations experiencing less growth.Apple had an incredible 2020, seeing a massive 81% stock price increase, but that tapered off to a 34% increase this year. Meta also saw a lower rate of stock price increase, dropping from 33% in 2020 to 23% in 2021. Amazon has had a pretty muted year, with a mere 2% increase in stock price this year which is barely anything at all especially when compared to 2020’s miraculous 76% increase that was only beaten out by Apple that year.Statista.Read next: What Were the Most Popular New Year’s Resolutions?