Bloodletting beneath the surface. Big names too. Here they are.
It’s barely a correction, technically speaking, with the S&P 500 down 9.9% from its all-time closing high, the Dow down 9.2%, the Nasdaq down 14%, and the Russell 2000 small-caps index down 15%. But beneath the surface, there has been some serious bloodletting for many stocks.
For example, 438 stocks among the 2,051 or so stocks traded on the New York Stock Exchange (NYSE) have plunged between 40% and 94% from their 52-week highs.
This does not include any stocks traded on the Nasdaq. They have their own blacklist.
Those 438 plungers on the NYSE include a bunch of foreign companies trading on the NYSE (some are trading as ADRs). They include lots of companies in the oil-and-gas sector, homebuilders, gold miners, retailers, aluminum and steel makers, a weed company (other NYSE-listed weed companies are only down 30% to 40% and didn’t make this blacklist), financial services firms and banks, including some of the biggest in the world.
Here is a brief rundown. Below is the complete list. Note that some of these stocks – such as GE, which is also on this blacklist – have plunged far more from their all-time highs established in prior years.
6 stocks have plunged 90% or more from their 52-week highs. This includes number 1, Parker Drilling down 93.6%.
11 stocks have plunged between 80% and 90% from their 52-week highs. This includes a bunch companies in the shale-oil space, retail-technology provider Diebold Nixdorf, and addiction rehab provider AAC.
26 stocks have plunged between 70% and 80% from their 52-week highs. This includes meal-kit highflier and former unicorn Blue Apron and 2-day-miracle super-duper unicorn Snapchat parent Snap that had soared to $30 billion in market cap on day two after its IPO (to $29.30 a share). It’s now at $6.35, down 78.3% from its all-time high and down 70.1% from its 52-week high. This category also sports former retail-icon now retail-zombie J.C. Penney.
54 stocks have plunged between 60% and 70% from their 52-week highs. This includes wannabe-blockchain-scam outfit Eastman Kodak, Och-Ziff Capital management, Tata Motors (ADR), Lumber Liquidators, homebuilders Hovnanian and William Lyon Homes, and Luby’s (Luby’s, Fuddruckers, Koo Koo Roo, Cheeseburger in Paradise).
122 stocks have plunged between 50% and 60% from their 52-week highs. This includes General Electric (at -59.7%, it barely missed the category above), crane maker Manitowoc, Winnebago Industries, Eldorado Gold, Rite Aid, teetering California utility PG&E (-56%, even after its regulator-induced 40% bounce over the past four trading days), Container Store, Deutsche Bank (-53.3%), homebuilder Beazer Homes, real estate focused Colony Capital, Dean Foods, Korean LCD manufacturer LG Display, Marriott’s former timeshare outfit Marriott Vacations Worldwide, and Aurora Cannabis.
219 stocks have plunged between 40% and 50% from their 52-week highs. This includes Owens Corning, Alcoa, US Steel, Grubhub, Lions Gate Entertainment, PittneyBowes, Abercrombie & Fitch, DuPont spin-off Chemours, Halliburton, Tenet Healthcare, chemicals maker Huntsman, Chesapeake Energy, formerly red-hot online-only furniture retailer Wayfair, Yelp, Del Monte, Manpower, Schlumberger, Michael Kors, GE’s partial acquisition Baker Hughes, homebuilders KB Home and Lennar, megadealer AutoNation, Credit Suisse, and Legg Mason.
Below is the complete list of the 438 stocks on the NYSE that have plunged between 40% and 94% from their 52-week highs to their closing price on November 21. You can search the list via the search box in your browser. If your smartphone (like mine) cuts off the table on the right side, hold your device in landscape position (data via WSJ’s Market Data Center):
| Name | Symbol | Close | 52 Wk High | off high |
| Parker Drilling | PKD | 1.39 | 21.60 | -93.6% |
| Roadrunner Transportation | RRTS | 0.59 | 8.77 | -93.3% |
| Link Motion ADR | LKM | 0.34 | 4.68 | -92.7% |
| Renren Cl A ADR | RENN | 1.50 | 18.70 | -92.0% |
| Jones Energy Cl A | JONE | 2.35 | 29.00 | -91.9% |
| Amira Nature Foods | ANFI | 0.57 | 6.14 | -90.7% |
| Babcock&Wilcox Enterprises | BW | 0.93 | 7.66 | -87.9% |
| Netshoes (Cayman) | NETS | 1.30 | 9.94 | -86.9% |
| Sanchez Energy | SN | 0.85 | 6.19 | -86.3% |
| Horizon Global | HZN | 2.06 | 14.80 | -86.1% |
| Weatherford International | WFT | 0.68 | 4.41 | -84.6% |
| AAC Holdings | AAC | 2.00 | 12.96 | -84.6% |
| Puxin ADR | NEW | 5.71 | 35.00 | -83.7% |
| Diebold Nixdorf | DBD | 3.50 | 20.40 | -82.8% |
| Cloud Peak Energy | CLD | 1.09 | 5.70 | -80.9% |
| Lannett | LCI | 5.95 | 30.35 | -80.4% |
| China Rapid Finance ADR | XRF | 1.96 | 9.40 | -79.1% |
| Covia Holdings | CVIA | 6.42 | 30.00 | -78.6% |
| Flotek Industries | FTK | 1.52 | 6.77 | -77.5% |
| Southcross Energy Partners | SXE | 0.51 | 2.20 | -76.8% |
| Blue Apron Holdings Cl A | APRN | 1.06 | 4.56 | -76.8% |
| Venator Materials | VNTR | 5.70 | 24.31 | -76.6% |
| Navios Maritime Midstream | NAP | 2.61 | 10.40 | -74.9% |
| Maxar Technologies | MAXR | 16.94 | 67.30 | -74.8% |
| Roan Resources | ROAN | 11.09 | 43.95 | -74.8% |
| Valhi | VHI | 2.34 | 9.24 | -74.7% |
| Pier 1 Imports | PIR | 1.51 | 5.92 | -74.5% |
| Emerge Energy Services | EMES | 2.70 | 10.45 | -74.2% |
| Pyxus International | PYX | 13.63 | 52.43 | -74.0% |
| Basic Energy Services | BAS | 6.96 | 26.75 | -74.0% |
| Grupo Supervielle ADR | SUPV | 9.12 | 33.85 | -73.1% |
| Navios Maritime Holdings | NM | 0.40 | 1.48 | -73.0% |
| China Green Agriculture | CGA | 0.58 | 2.11 | -72.5% |
| Ampco-Pittsburgh | AP | 4.33 | 15.65 | -72.3% |
| J.C. Penney | JCP | 1.32 | 4.75 | -72.2% |
| RYB Education ADR | RYB | 7.95 | 28.08 | -71.7% |
| Sunlands Online Education ADR | STG | 4.00 | 14.08 | -71.6% |
| Adient | ADNT | 24.25 | 84.59 | -71.3% |
| Vipshop Holdings ADR | VIPS | 5.55 | 19.14 | -71.0% |
| Delphi Technologies | DLPH | 17.61 | 60.39 | -70.8% |
| Fang Holdings ADR | SFUN | 1.69 | 5.69 | -70.3% |
| ION Geophysical | IO | 9.67 | 32.45 | -70.2% |
| Snap | SNAP | 6.35 | 21.22 | -70.1% |
| LightInTheBox Holding ADR | LITB | 1.07 | 3.52 | -69.6% |
| Oi ADR | OIBRC | 2.25 | 7.37 | -69.5% |
| Eastman Kodak | KODK | 4.06 | 13.28 | -69.4% |
| Qudian ADR | QD | 5.87 | 19.11 | -69.3% |
| Ferrellgas Partners | FGP | 1.45 | 4.70 | -69.1% |
| Invacare | IVC | 6.18 | 20.00 | -69.1% |
| McDermott International | MDR | 8.42 | 27.21 | -69.1% |
| NL Industries | NL | 5.01 | 16.05 | -68.8% |
| Biglari Holdings Cl B | BH | 139.76 | 443.80 | -68.5% |
| EP Energy Cl A | EPE | 1.12 | 3.50 | -68.0% |
| Enzo Biochem | ENZ | 3.16 | 9.87 | -68.0% |
| Halcon Resources | HK | 2.91 | 9.07 | -67.9% |
| Navios Maritime Acquisition | NNA | 6.60 | 20.55 | -67.9% |
| Harte-Hanks | HHS | 3.91 | 12.16 | -67.8% |
| Bristow Group | BRS | 6.17 | 18.91 | -67.4% |
| Och-Ziff Capital Management | OZM | 1.04 | 3.18 | -67.3% |
| Daqo New Energy ADR | DQ | 23.96 | 72.50 | -67.0% |
| Evoqua Water Technologies | AQUA | 8.39 | 25.36 | -66.9% |
| Christopher&Banks | CBK | 0.49 | 1.47 | -66.7% |
| JinkoSolar Holding ADR | JKS | 9.18 | 27.26 | -66.3% |
| Jupai Holdings ADR | JP | 8.99 | 26.66 | -66.3% |
| Yirendai ADR | YRD | 16.40 | 47.93 | -65.8% |
| REV Group | REVG | 11.37 | 33.15 | -65.7% |
| Superior Industries International | SUP | 7.97 | 22.95 | -65.3% |
| American Midstream Partners | AMID | 5.30 | 15.25 | -65.2% |
| Quantum | QTM | 2.28 | 6.56 | -65.2% |
| HUYA ADR | HUYA | 17.69 | 50.82 | -65.2% |
| 500.com ADR | WBAI | 8.11 | 23.22 | -65.1% |
| Lithium Americas | LAC | 3.86 | 10.95 | -64.7% |
| Denbury Resources | DNR | 2.38 | 6.75 | -64.7% |
| X Financial ADR | XYF | 7.19 | 20.30 | -64.6% |
| Camping World Holdings Cl A | CWH | 17.43 | 47.62 | -63.4% |
| Owens&Minor | OMI | 8.44 | 22.91 | -63.2% |
| Dynagas LNG Partners | DLNG | 5.19 | 13.97 | -62.8% |
| William Lyon Homes | WLH | 12.36 | 32.95 | -62.5% |
| Crescent Point Energy | CPG | 3.48 | 9.25 | -62.4% |
| Tata Motors ADR | TTM | 13.02 | 34.40 | -62.2% |
| Gabelli Global Utility&Income Trust Rt | GLU$ | 0.36 | 0.95 | -62.1% |
| Banco Macro ADR | BMA | 46.34 | 121.90 | -62.0% |
| Hovnanian Enterprises Cl A | HOV | 1.30 | 3.41 | -61.9% |
| Ra Medical Systems | RMED | 8.40 | 22.00 | -61.8% |
| Lumber Liquidators Holdings | LL | 12.46 | 32.63 | -61.8% |
| Baytex Energy | BTE | 1.87 | 4.85 | -61.4% |
| Bloom Energy | BE | 14.67 | 38.00 | -61.4% |
| U.S. Silica Holdings | SLCA | 15.05 | 38.70 | -61.1% |
| Sequans Communications ADR | SQNS | 1.02 | 2.61 | -60.9% |
| HC2 Holdings | HCHC | 3.05 | 7.79 | -60.8% |
| Manning&Napier | MN | 1.71 | 4.35 | -60.7% |
| Luby’s | LUB | 1.26 | 3.20 | -60.6% |
| Loma Negra Compania Industrial Argentina ADR | LOMA | 10.60 | 26.89 | -60.6% |
| Tronox Cl A | TROX | 11.08 | 28.07 | -60.5% |
| Obsidian Energy | OBE | 0.57 | 1.44 | -60.4% |
| Sogou ADR | SOGO | 6.15 | 15.50 | -60.3% |
| Teekay | TK | 4.34 | 10.90 | -60.2% |
| Quorum Health | QHC | 4.01 | 10.00 | -59.9% |
| ReneSola ADR | SOL | 1.52 | 3.79 | -59.9% |
| Elevate Credit | ELVT | 4.52 | 11.27 | -59.9% |
| CARBO Ceramics | CRR | 5.09 | 12.69 | -59.9% |
| Four Seasons Education (Cayman) ADR | FEDU | 4.20 | 10.45 | -59.8% |
| General Electric | GE | 7.81 | 19.39 | -59.7% |
| Triple-S Management Cl B | GTS | 17.75 | 44.01 | -59.7% |
| Key Energy Services | KEG | 7.43 | 18.40 | -59.6% |
| BEST ADR | BSTI | 5.47 | 13.54 | -59.6% |
| Coty Cl A | COTY | 8.77 | 21.68 | -59.5% |
| Koppers Holdings | KOP | 20.98 | 51.65 | -59.4% |
| CSS Industries | CSS | 11.96 | 29.34 | -59.2% |
| Lydall | LDL | 23.10 | 56.60 | -59.2% |
| Hi-Crush Partners | HCLP | 6.80 | 16.65 | -59.2% |
| Eclipse Resources | ECR | 1.14 | 2.79 | -59.1% |
| Zymeworks | ZYME | 11.85 | 29.00 | -59.1% |
| Dana | DAN | 14.46 | 35.27 | -59.0% |
| Switch Cl A | SWCH | 7.66 | 18.57 | -58.8% |
| Kingsway Financial Services | KFS | 2.46 | 5.95 | -58.7% |
| Despegar.com | DESP | 15.14 | 36.56 | -58.6% |
| Summit Materials Cl A | SUM | 14.12 | 34.06 | -58.5% |
| IRSA-Inversiones y Representaciones GDR | IRS | 12.99 | 31.27 | -58.5% |
| Thor Industries | THO | 67.24 | 161.48 | -58.4% |
| Empresa Distribuidora y Comercializadora Norte ADR | EDN | 26.37 | 63.29 | -58.3% |
| Castlight Health Cl B | CSLT | 2.49 | 5.95 | -58.2% |
| Nevro | NVRO | 39.57 | 94.34 | -58.1% |
| Bellatrix Exploration | BXE | 0.86 | 2.05 | -58.0% |
| Spectrum Brands Holdings | SPB | 50.12 | 119.00 | -57.9% |
| Textainer Group Holdings | TGH | 11.17 | 26.50 | -57.8% |
| Forum Energy Technologies | FET | 7.57 | 17.95 | -57.8% |
| CURO Group Holdings | CURO | 13.58 | 32.20 | -57.8% |
| BRF ADR | BRFS | 5.45 | 12.86 | -57.6% |
| JELD-WEN Holding | JELD | 18.01 | 42.27 | -57.4% |
| Manitowoc | MTW | 18.76 | 44.03 | -57.4% |
| Entravision Communications | EVC | 3.37 | 7.90 | -57.3% |
| Civeo | CVEO | 1.98 | 4.64 | -57.3% |
| Telecom Argentina ADR | TEO | 17.16 | 40.19 | -57.3% |
| Eldorado Gold | EGO | 0.63 | 1.47 | -57.1% |
| Bright Scholar Education Holdings ADR | BEDU | 10.29 | 23.99 | -57.1% |
| Rite Aid | RAD | 1.10 | 2.55 | -56.9% |
| Winnebago Industries | WGO | 25.34 | 58.65 | -56.8% |
| GMS | GMS | 17.28 | 39.98 | -56.8% |
| Phoenix New Media Cl A ADR | FENG | 3.38 | 7.80 | -56.7% |
| U.S. Xpress Enterprises Cl A | USX | 7.35 | 16.94 | -56.6% |
| Genco Shipping&Trading | GNK | 8.71 | 20.07 | -56.6% |
| SandRidge Mississippian Trust | SDT | 1.00 | 2.30 | -56.5% |
| Bluegreen Vacations | BXG | 11.40 | 26.22 | -56.5% |
| Laredo Petroleum | LPI | 5.09 | 11.68 | -56.4% |
| Startek | SRT | 6.22 | 14.27 | -56.4% |
| PG&E | PCG | 24.30 | 55.35 | -56.1% |
| Pioneer Energy Services | PES | 2.79 | 6.35 | -56.1% |
| Mohawk Industries | MHK | 126.35 | 286.85 | -56.0% |
| Kronos Worldwide | KRO | 13.03 | 29.49 | -55.8% |
| BBVA Banco Frances ADR | BFR | 12.13 | 27.45 | -55.8% |
| Alexander&Baldwin | ALEX | 20.15 | 45.47 | -55.7% |
| Aphria | APHA | 8.83 | 19.87 | -55.6% |
| Corporacion America Airports | CAAP | 8.01 | 17.99 | -55.5% |
| Kadmon Holdings | KDMN | 2.61 | 5.86 | -55.5% |
| Orion Group Holdings | ORN | 4.38 | 9.83 | -55.4% |
| Titan International | TWI | 6.48 | 14.53 | -55.4% |
| Midstates Petroleum | MPO | 8.51 | 19.04 | -55.3% |
| Danaos | DAC | 1.12 | 2.50 | -55.2% |
| Ultrapar Participacoes ADR | UGP | 11.87 | 26.48 | -55.2% |
| CBL&Associates Properties | CBL | 2.82 | 6.26 | -55.0% |
| SandRidge Energy | SD | 9.92 | 21.90 | -54.7% |
| ASE Technology Holding ADR | ASX | 3.63 | 8.00 | -54.6% |
| Navios Maritime Partners | NMM | 1.19 | 2.62 | -54.6% |
| Nabors Industries | NBR | 4.05 | 8.87 | -54.3% |
| Pampa Energia ADR | PAM | 33.68 | 72.98 | -53.9% |
| voxeljet ADR | VJET | 2.60 | 5.63 | -53.8% |
| Installed Building Products | IBP | 36.67 | 79.40 | -53.8% |
| Container Store Group | TCS | 5.75 | 12.42 | -53.7% |
| LAIX ADR | LAIX | 7.65 | 16.50 | -53.6% |
| OneSmart International Education Group ADR | ONE | 7.42 | 16.00 | -53.6% |
| FTS International | FTSI | 10.51 | 22.60 | -53.5% |
| L Brands | LB | 29.37 | 63.10 | -53.5% |
| GNC Holdings Cl A | GNC | 2.97 | 6.38 | -53.4% |
| Deutsche Bank | DB | 9.44 | 20.23 | -53.3% |
| Zuora | ZUO | 17.66 | 37.78 | -53.3% |
| Beazer Homes USA | BZH | 10.44 | 22.30 | -53.2% |
| Emerald Expositions Events | EEX | 11.49 | 24.45 | -53.0% |
| Vaalco Energy | EGY | 1.59 | 3.38 | -53.0% |
| Kenon Holdings | KEN | 15.69 | 33.22 | -52.8% |
| Kraton | KRA | 25.50 | 53.99 | -52.8% |
| China Southern Airlines ADR | ZNH | 33.31 | 70.52 | -52.8% |
| Stage Stores | SSI | 1.54 | 3.25 | -52.6% |
| Colony Capital | CLNY | 5.96 | 12.54 | -52.5% |
| Bitauto Holdings ADR | BITA | 18.80 | 39.54 | -52.5% |
| Aluminum Corp. of China ADR | ACH | 9.23 | 19.41 | -52.4% |
| Jianpu Technology ADR | JT | 4.53 | 9.49 | -52.3% |
| Dean Foods | DF | 5.79 | 12.09 | -52.1% |
| NCI Building Systems | NCS | 11.19 | 23.35 | -52.1% |
| Ocwen Financial | OCN | 2.32 | 4.84 | -52.1% |
| Hudbay Minerals | HBM | 4.94 | 10.25 | -51.8% |
| Safe Bulkers | SB | 1.93 | 4.00 | -51.8% |
| Herc Holdings | HRI | 35.22 | 72.99 | -51.7% |
| British American Tobacco ADR | BTI | 34.59 | 71.44 | -51.6% |
| C&J Energy Services | CJ | 17.71 | 36.57 | -51.6% |
| MFC Bancorp | MFCB | 4.41 | 9.08 | -51.4% |
| Select Energy Services Cl A | WTTR | 10.68 | 21.96 | -51.4% |
| Coeur Mining | CDE | 4.35 | 8.94 | -51.3% |
| Capital Senior Living | CSU | 8.14 | 16.72 | -51.3% |
| Turkcell Iletisim Hizmetleri ADR | TKC | 5.50 | 11.29 | -51.3% |
| LG Display ADR | LPL | 7.74 | 15.88 | -51.3% |
| Talos Energy | TALO | 19.62 | 40.14 | -51.1% |
| Blue Capital Reinsurance Holdings | BCRH | 6.50 | 13.28 | -51.1% |
| GTT Communications | GTT | 30.69 | 62.32 | -50.8% |
| Scorpio Tankers | STNG | 1.70 | 3.45 | -50.7% |
| Nordic American Offshore | NAO | 0.70 | 1.42 | -50.7% |
| Genesis Healthcare | GEN | 1.41 | 2.86 | -50.7% |
| Vince Holding | VNCE | 11.95 | 24.19 | -50.6% |
| Tetra Technologies | TTI | 2.53 | 5.11 | -50.5% |
| Quad/Graphics | QUAD | 15.52 | 31.29 | -50.4% |
| Sibanye-Stillwater ADR | SBGL | 2.70 | 5.44 | -50.4% |
| Marriott Vacations Worldwide | VAC | 76.58 | 154.14 | -50.3% |
| Hill International | HIL | 3.04 | 6.11 | -50.2% |
| Tenneco | TEN | 32.67 | 65.59 | -50.2% |
| GP Strategies | GPX | 13.35 | 26.80 | -50.2% |
| California Resources | CRC | 25.10 | 50.34 | -50.1% |
| Aurora Cannabis | ACB | 6.25 | 12.53 | -50.1% |
| Greentree Hospitality Group ADR | GHG | 12.55 | 25.10 | -50.0% |
| Five Point Holdings | FPH | 7.52 | 15.04 | -50.0% |
| CooTek (Cayman) ADR | CTK | 5.80 | 11.58 | -49.9% |
| Triumph Group | TGI | 15.98 | 31.90 | -49.9% |
| New Oriental Education&Technology Group ADR | EDU | 54.54 | 108.40 | -49.7% |
| Affiliated Managers Group | AMG | 109.37 | 217.00 | -49.6% |
| CorePoint Lodging | CPLG | 14.27 | 28.30 | -49.6% |
| SandRidge Mississippian Trust II | SDR | 1.01 | 2.00 | -49.5% |
| Atento | ATTO | 5.28 | 10.45 | -49.5% |
| Cooper-Standard Holdings | CPS | 74.23 | 146.78 | -49.4% |
| Central Puerto ADR | CEPU | 9.71 | 19.20 | -49.4% |
| China Yuchai International | CYD | 14.19 | 27.98 | -49.3% |
| Cloudera | CLDR | 11.40 | 22.43 | -49.2% |
| Alamos Gold | AGI | 3.58 | 7.04 | -49.1% |
| LSC Communications | LKSD | 9.50 | 18.64 | -49.0% |
| Semiconductor Manufacturing International ADR | SMI | 4.44 | 8.70 | -49.0% |
| IAMGOLD | IAG | 3.34 | 6.52 | -48.8% |
| Dycom Industries | DY | 63.55 | 123.99 | -48.7% |
| Guangshen Railway ADR | GSH | 19.19 | 37.43 | -48.7% |
| Vedanta ADR | VEDL | 11.29 | 21.99 | -48.7% |
| Cheetah Mobile ADR | CMCM | 9.36 | 18.18 | -48.5% |
| Lions Gate Entertainment Cl B | LGFB | 17.73 | 34.41 | -48.5% |
| WageWorks | WAGE | 33.92 | 65.75 | -48.4% |
| Encana | ECA | 7.39 | 14.31 | -48.4% |
| Superior Energy Services | SPN | 6.57 | 12.72 | -48.3% |
| Griffon | GFF | 12.41 | 23.95 | -48.2% |
| Modine Manufacturing | MOD | 13.35 | 25.75 | -48.2% |
| BlueLinx Holdings | BXC | 24.10 | 46.42 | -48.1% |
| Entercom Communications Cl A | ETM | 6.46 | 12.43 | -48.0% |
| MagnaChip Semiconductor | MX | 6.94 | 13.35 | -48.0% |
| Aquantia | AQ | 9.62 | 18.49 | -48.0% |
| RPC | RES | 14.09 | 27.07 | -47.9% |
| AK Steel Holding | AKS | 3.54 | 6.80 | -47.9% |
| Diplomat Pharmacy | DPLO | 14.97 | 28.74 | -47.9% |
| International Game Technology | IGT | 16.15 | 31.00 | -47.9% |
| HighPoint Resources | HPR | 3.96 | 7.60 | -47.9% |
| Mechel ADR | MTL | 2.92 | 5.60 | -47.9% |
| Micro Focus International ADR | MFGP | 18.79 | 36.02 | -47.8% |
| e.l.f. Beauty | ELF | 12.45 | 23.85 | -47.8% |
| Avianca Holdings ADR | AVH | 5.10 | 9.76 | -47.7% |
| Avalara | AVLR | 31.06 | 59.40 | -47.7% |
| BrightView Holdings | BV | 12.25 | 23.42 | -47.7% |
| Arlo Technologies | ARLO | 12.45 | 23.77 | -47.6% |
| INVESCO | IVZ | 20.13 | 38.43 | -47.6% |
| Overseas Shipholding Group Cl A | OSG | 2.18 | 4.16 | -47.6% |
| Owens Corning | OC | 50.64 | 96.52 | -47.5% |
| Whiting Petroleum | WLL | 29.63 | 56.47 | -47.5% |
| KB Home | KBH | 20.38 | 38.80 | -47.5% |
| Xinyuan Real Estate ADR | XIN | 4.36 | 8.29 | -47.4% |
| Alcoa | AA | 32.80 | 62.35 | -47.4% |
| DHI Group | DHX | 1.71 | 3.25 | -47.4% |
| GrubHub | GRUB | 78.59 | 149.35 | -47.4% |
| Lions Gate Entertainment Cl A | LGFA | 19.21 | 36.48 | -47.3% |
| Arcus Biosciences | RCUS | 11.66 | 22.10 | -47.2% |
| Newfield Exploration | NFX | 18.58 | 35.20 | -47.2% |
| EQGP Holdings | EQGP | 16.23 | 30.73 | -47.2% |
| SYNNEX | SNX | 75.33 | 141.94 | -46.9% |
| Oasis Petroleum | OAS | 7.74 | 14.57 | -46.9% |
| WPP ADR | WPP | 55.06 | 103.53 | -46.8% |
| Glatfelter | GLT | 12.70 | 23.85 | -46.8% |
| STMicroelectronics | STM | 14.09 | 26.43 | -46.7% |
| Pitney Bowes | PBI | 7.91 | 14.80 | -46.6% |
| Olin | OLN | 20.81 | 38.84 | -46.4% |
| Trecora Resources | TREC | 8.37 | 15.60 | -46.3% |
| Natuzzi ADR | NTZ | 1.02 | 1.90 | -46.3% |
| Abercrombie&Fitch | ANF | 15.96 | 29.69 | -46.2% |
| Global Cord Blood | CO | 6.59 | 12.25 | -46.2% |
| Buckeye Partners | BPL | 30.81 | 57.19 | -46.1% |
| LCI Industries | LCII | 71.60 | 132.72 | -46.1% |
| Chemours | CC | 29.48 | 54.62 | -46.0% |
| Veoneer | VNE | 31.33 | 57.93 | -45.9% |
| Chaparral Energy | CHAP | 13.99 | 25.85 | -45.9% |
| EQT | EQT | 17.79 | 32.85 | -45.8% |
| RE/MAX Holdings Cl A | RMAX | 33.24 | 61.27 | -45.7% |
| Meritor | MTOR | 16.09 | 29.54 | -45.5% |
| NGL Energy Partners | NGL | 9.63 | 17.65 | -45.4% |
| Turquoise Hill Resources | TRQ | 1.96 | 3.59 | -45.4% |
| Semgroup Cl A | SEMG | 16.90 | 30.95 | -45.4% |
| StoneMor Partners | STON | 3.94 | 7.20 | -45.3% |
| Hornbeck Offshore Services | HOS | 3.36 | 6.14 | -45.3% |
| San Juan Basin Royalty Trust | SJT | 5.77 | 10.54 | -45.3% |
| Copa Holdings Cl A | CPA | 77.41 | 141.34 | -45.2% |
| Teekay Offshore Partners | TOO | 1.71 | 3.12 | -45.2% |
| PagSeguro Digital | PAGS | 21.91 | 39.97 | -45.2% |
| Jumei International Holding ADR | JMEI | 2.21 | 4.03 | -45.2% |
| Summit Midstream Partners | SMLP | 12.59 | 22.95 | -45.1% |
| Cincinnati Bell | CBB | 12.18 | 22.20 | -45.1% |
| Constellium Cl A | CSTM | 7.74 | 14.10 | -45.1% |
| Telecom Italia ADR | TIA | 5.27 | 9.60 | -45.1% |
| GAIN Capital Holdings | GCAP | 7.28 | 13.26 | -45.1% |
| TC PipeLines | TCP | 31.36 | 57.08 | -45.1% |
| Telecom Italia ADR | TI | 6.20 | 11.28 | -45.0% |
| Cemex ADR | CX | 4.68 | 8.51 | -45.0% |
| Dominion Energy Midstream Partners | DM | 18.16 | 32.95 | -44.9% |
| Briggs&Stratton | BGG | 15.08 | 27.34 | -44.8% |
| Halliburton | HAL | 31.93 | 57.86 | -44.8% |
| Vitamin Shoppe | VSI | 7.70 | 13.95 | -44.8% |
| United States Steel | X | 26.30 | 47.64 | -44.8% |
| ACCO Brands | ACCO | 8.09 | 14.63 | -44.7% |
| 3D Systems | DDD | 12.05 | 21.78 | -44.7% |
| Teekay Tankers | TNK | 1.08 | 1.95 | -44.6% |
| China Online Education Group ADR | COE | 7.97 | 14.39 | -44.6% |
| Westwood Holdings Group | WHG | 39.18 | 70.71 | -44.6% |
| Garrett Motion | GTX | 12.20 | 22.00 | -44.5% |
| Gafisa ADR | GFA | 7.22 | 12.99 | -44.4% |
| ELLIE MAE | ELLI | 65.07 | 116.90 | -44.3% |
| Solaris Oilfield Infrastructure Cl A | SOI | 13.36 | 23.98 | -44.3% |
| Luxoft Holding | LXFT | 32.90 | 59.05 | -44.3% |
| Boise Cascade | BCC | 27.48 | 49.30 | -44.3% |
| SeaDrill | SDRL | 14.91 | 26.72 | -44.2% |
| Westlake Chemical | WLK | 69.39 | 124.30 | -44.2% |
| Clearwater Paper | CLW | 28.25 | 50.60 | -44.2% |
| NIO ADR | NIO | 7.71 | 13.80 | -44.1% |
| Welbilt | WBT | 13.34 | 23.85 | -44.1% |
| Hecla Mining | HL | 2.59 | 4.63 | -44.1% |
| Studio City International Holdings ADR | MSC | 16.00 | 28.59 | -44.0% |
| TimkenSteel | TMST | 11.33 | 20.24 | -44.0% |
| Permianville Royalty Trust | PVL | 2.47 | 4.41 | -44.0% |
| L.S. Starrett Cl A | SCX | 5.12 | 9.14 | -44.0% |
| United Microelectronics ADR | UMC | 1.76 | 3.14 | -43.9% |
| New Home | NWHM | 7.60 | 13.55 | -43.9% |
| Floor&Decor Holdings Cl A | FND | 32.73 | 58.28 | -43.8% |
| Pivotal Software | PVTL | 17.58 | 31.24 | -43.7% |
| Kinross Gold | KGC | 2.69 | 4.78 | -43.7% |
| Tupperware Brands | TUP | 37.29 | 66.26 | -43.7% |
| Freeport-McMoRan | FCX | 11.41 | 20.25 | -43.7% |
| Box Cl A | BOX | 16.80 | 29.79 | -43.6% |
| LATAM Airlines Group ADR | LTM | 9.81 | 17.39 | -43.6% |
| Telaria | TLRA | 2.99 | 5.30 | -43.6% |
| Cedar Realty Trust | CDR | 3.55 | 6.29 | -43.6% |
| Century Communities | CCS | 20.33 | 36.00 | -43.5% |
| Trinseo | TSE | 48.20 | 85.35 | -43.5% |
| Acorn International ADR | ATV | 21.95 | 38.86 | -43.5% |
| Janus Henderson Group | JHG | 23.57 | 41.64 | -43.4% |
| Carriage Services | CSV | 16.41 | 28.96 | -43.3% |
| Tenet Healthcare | THC | 22.55 | 39.74 | -43.3% |
| J.Jill | JILL | 5.46 | 9.62 | -43.2% |
| YPF ADR | YPF | 15.19 | 26.70 | -43.1% |
| Canopy Growth | CGC | 33.74 | 59.25 | -43.1% |
| Huntsman | HUN | 20.58 | 36.09 | -43.0% |
| Conduent | CNDT | 13.35 | 23.39 | -42.9% |
| Enova International | ENVA | 22.27 | 39.00 | -42.9% |
| Systemax | SYX | 27.27 | 47.75 | -42.9% |
| Eagle Materials | EXP | 69.97 | 122.49 | -42.9% |
| SunCoke Energy Partners | SXCP | 12.56 | 21.95 | -42.8% |
| PPDAI Group ADR | PPDF | 6.19 | 10.81 | -42.7% |
| Bridgepoint Education | BPI | 7.81 | 13.63 | -42.7% |
| Ambev ADR | ABEV | 4.26 | 7.43 | -42.7% |
| Yamana Gold | AUY | 2.18 | 3.80 | -42.6% |
| Carvana Cl A | CVNA | 41.68 | 72.59 | -42.6% |
| Rudolph Technologies | RTEC | 19.84 | 34.55 | -42.6% |
| Medifast | MED | 150.83 | 260.98 | -42.2% |
| Charah Solutions | CHRA | 6.94 | 12.00 | -42.2% |
| Nexa Resources | NEXA | 12.50 | 21.61 | -42.2% |
| Fortuna Silver Mines | FSM | 3.52 | 6.08 | -42.1% |
| Macquarie Infrastructure | MIC | 39.28 | 67.84 | -42.1% |
| Quintana Energy Services | QES | 6.18 | 10.67 | -42.1% |
| CVR Refining | CVRR | 15.06 | 26.00 | -42.1% |
| Keane Group | FRAC | 11.49 | 19.83 | -42.1% |
| Ashford Hospitality Trust | AHT | 5.02 | 8.66 | -42.0% |
| W&T Offshore | WTI | 5.73 | 9.88 | -42.0% |
| Boyd Gaming | BYD | 23.46 | 40.44 | -42.0% |
| Pure Storage Cl A | PSTG | 16.91 | 29.14 | -42.0% |
| Teekay LNG Partners | TGP | 12.57 | 21.65 | -41.9% |
| TopBuild | BLD | 50.68 | 87.21 | -41.9% |
| James Hardie Industries ADR | JHX | 10.92 | 18.79 | -41.9% |
| Veritiv | VRTV | 29.66 | 51.00 | -41.8% |
| Community Health Systems | CYH | 3.70 | 6.36 | -41.8% |
| Banco Bilbao Vizcaya Argentaria ADR | BBVA | 5.55 | 9.54 | -41.8% |
| Chesapeake Energy | CHK | 3.26 | 5.60 | -41.8% |
| Aspen Aerogels | ASPN | 3.25 | 5.58 | -41.8% |
| Wayfair Cl A | W | 88.16 | 151.20 | -41.7% |
| Diamond Offshore Drilling | DO | 12.79 | 21.92 | -41.7% |
| Oil States International | OIS | 22.73 | 38.95 | -41.6% |
| Wabash National | WNC | 15.49 | 26.54 | -41.6% |
| LINE ADR | LN | 27.91 | 47.81 | -41.6% |
| Banco Latinoamericano de Comercio Exterior Cl E | BLX | 17.81 | 30.50 | -41.6% |
| EnLink Midstream | ENLC | 11.68 | 20.00 | -41.6% |
| Yelp | YELP | 30.67 | 52.50 | -41.6% |
| ADT | ADT | 7.61 | 13.02 | -41.6% |
| Ardagh Group Cl A | ARD | 12.76 | 21.82 | -41.5% |
| Fresh Del Monte Produce | FDP | 30.73 | 52.43 | -41.4% |
| Taylor Morrison Home | TMHC | 16.66 | 28.42 | -41.4% |
| Colfax | CFX | 24.68 | 42.08 | -41.3% |
| Vectrus | VEC | 24.33 | 41.48 | -41.3% |
| ManpowerGroup | MAN | 80.32 | 136.93 | -41.3% |
| Eros International | EROS | 8.81 | 15.00 | -41.3% |
| Biglari Holdings Cl A | BHA | 755.00 | 1,285.00 | -41.2% |
| Fortune Brands Home&Security | FBHS | 43.29 | 73.62 | -41.2% |
| Azure Power Global | AZRE | 10.65 | 18.10 | -41.2% |
| Red Lion Hotels | RLH | 8.68 | 14.75 | -41.2% |
| Oi Rt Wi | OIBR$@ | 0.59 | 1.00 | -41.0% |
| IDT Cl B | IDT | 8.22 | 13.93 | -41.0% |
| Aerohive Networks | HIVE | 3.84 | 6.50 | -40.9% |
| Independence Contract Drilling | ICD | 3.24 | 5.48 | -40.9% |
| Noble | NE | 4.40 | 7.44 | -40.9% |
| Ryder System | R | 53.43 | 90.26 | -40.8% |
| Moelis | MC | 40.05 | 67.65 | -40.8% |
| United Rentals | URI | 113.00 | 190.74 | -40.8% |
| Lennar Cl A | LEN | 42.78 | 72.17 | -40.7% |
| ING Groep ADR | ING | 12.20 | 20.58 | -40.7% |
| Safeguard Scientifics | SFE | 8.27 | 13.95 | -40.7% |
| Schlumberger | SLB | 47.64 | 80.35 | -40.7% |
| TAL Education Group ADR | TAL | 28.26 | 47.63 | -40.7% |
| GrafTech International | EAF | 14.46 | 24.36 | -40.6% |
| Foundation Building Materials | FBM | 9.75 | 16.40 | -40.5% |
| American Axle&Manufacturing Holdings | AXL | 11.68 | 19.63 | -40.5% |
| New Senior Investment Group | SNR | 5.29 | 8.89 | -40.5% |
| Forestar Group | FOR | 15.73 | 26.39 | -40.4% |
| Michael Kors Holdings | KORS | 45.30 | 75.96 | -40.4% |
| Baker Hughes a GE | BHGE | 22.52 | 37.76 | -40.4% |
| Lennar Cl B | LENB | 34.98 | 58.65 | -40.4% |
| AutoNation | AN | 37.09 | 62.02 | -40.2% |
| Controladora Vuela Compania de Aviacion ADR | VLRS | 6.00 | 10.03 | -40.2% |
| MedEquities Realty Trust | MRT | 7.18 | 12.00 | -40.2% |
| BWX Technologies | BWXT | 43.19 | 72.18 | -40.2% |
| Credit Suisse Group ADR | CS | 11.96 | 19.98 | -40.1% |
| China Life Insurance ADR | LFC | 10.56 | 17.64 | -40.1% |
| Kosmos Energy | KOS | 5.84 | 9.75 | -40.1% |
| Third Point Reinsurance | TPRE | 10.23 | 17.05 | -40.0% |
| Legg Mason | LM | 28.28 | 47.13 | -40.0% |
No one knows what the total leverage in the stock market is. But we know comes in many forms and has surged over the years. The only form of stock market leverage that is reported monthly is the amount individual and institutional investors borrow from their brokers against their portfolios. This “margin debt” is subject to well-rehearsed margin calls. And apparently, they have kicked off. Read… Stock-Market Margin Debt Plunges Most Since Lehman Moment
Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.
Wolf
I’m not that current on what %age of listings are ADR (American Depository Receipts), but the list of 438 stocks contained 83 ADRs (19%). That strikes me as much higher proportion than what I would have guess the total ADR market share to be.
Any thoughts?
There are lot of foreign companies trading in the US, including a lot of Chinese companies. I don’t know what the overall percentage is, but I can imagine that among the plungers there might be a larger share of foreign companies, given that most foreign markets are down a lot more than US markets.
I recognized 14 names as Canadian. (Canadian shares can be inter-listed directly on both Canadian and U.S. exchanges without the requirement of an ADR wrapper. They can have different ticker symbols.)
energy companies:
Crescent Point Energy
Baytex Energy
Bellatrix Exploration
Encana
precious-metals producers:
Eldorado Gold
Alamos Gold
IAMGOLD
Kinross Gold
Yamana Gold
weed stocks:
Aphria
Aurora Cannabis
base-metals miner (especially zinc):
Hudbay Minerals
specialty property-and-casualty insurer (motorcycles, high-risk drivers, etc.):
Kingsway Financial Services
satellite holding company formerly known as MacDonald Dettwiler and Associates:
Maxar Technologies
Missed some:
Turquoise Hill Resources
Canopy Growth (WEED)
Fortuna Silver
Question #2:
What does “CI A” and “CI B” after the name of a stock mean? In addition to ADR, a total of 35 stocks (8%) have one of these designations.
I’m gonna take a guess – in my font it looks like it’s not CI A and CI B but Cl A and Cl B (lower case L), and so I’m guessing that’s “class A” and “class B” shares.
Yes, that’s correct. “Biglari Holdings Cl B”= “Biglari Holdings Inc. Class B”
Class A or Class B stocks, with Class A usually meaning greater voting rights.
With Snap, it’s the other way around. Snap has three share classes, A,B, and C.
Class C shares are owned by founders and have 10 votes per share. Those shares are not publicly traded.
Class B shares are owned by early investors and have 1 vote per share. Those shares are not publicly traded either.
Class A shares are the ones that are publicly traded, and they have 0 votes per share, as in zero, nada, zilch.
https://wolfstreet.com/2017/02/03/snap-ipo-not-just-toxic-financial-results-third-class-non-voting-shares/
The NYSE presently lists about 2,400 companies, of which about 500 are ADR’s, meaning a little over 20%, so this is nothing out of the ordinary.
If you want the most up to date list of ADR trading on the NYSE, here it is: https://www.nyse.com/publicdocs/nyse/data/CurListofallStocks.pdf
Very informative stuff.
And I bet a lot of these companies reached their highs using repatriated earnings or debt to finance stock buy backs. Once they get hit with the double whammy of a global slowdown and higher interest rates…
Corporate bankruptcy attorneys will be busy in 2020, that’s for sure.
Great list-good work.
Now who has the best chance of survival and growth.
I would start with debt levels.One or two might be
worth a small bet.
In my (highly paid) profession there are recurring waves of retirement . They invariably happen at market peaks when all those professionals have a fat multimillion portfolio.
And invariably quite a few of them get burnt in the following bear and have to go back to work (if they can).
The rage right now is FIRE (financially independant, retire early).
Which leads to a raging employment market in the profession.
I read that as a market top/near top.
The FIRE ‘movement’ is a tragic-comedy. I suppose it speaks to the huge surge in wealth-inequity in the US (and most other developed nations today). The Reality is, only a very small percentage will succeed, I’d guess around 5%. The real lucky ones will have property, a government pension, property ect… or an executive job with fat rainy day funds in a safe haven somewhere sunny. Good luck to us all.
The FIRE folks that are making 100-400K a year from their respective FIRE blogs will weather the downturn best. Not sure about the rest of them…
The Great Financial Crisis has now morphed into The Greater Financial Crisis.
Yikes!
If the whole system goes down I’m going to end up freezing up here in CANADA’s coldest capital of the world.
I sure hope Global Warming comes to CANADA in January & February.
GE & Deutsch Bank will finally be imploding now which is precedent setting IMHO.
MOU
Before WWII, WWI was known as The Great War
Yes, Ottawa does get cold in the winter. But is it really colder than Moscow? The C$ isn’t doing so well either. My last Canada Pension Plan (CPP) benefit payment was actually less than it was 4 years earlier owing to a weak C$.
Financial tip: If you only contributed a small amount to your CPP account many years ago because you moved abroad, you are still entitled to a monthly benefit when you reach retirement. But you have to apply for it. There is no minimum vesting period (e.g. 40 quarters of contributions as in the US). Google Canada Pension Plan benefits to start the process.
With road shipping going crazy why is RoadRunner looking like a bankruptcy case?
Two indicted account executives, lying about company finances, you know the story, the Enron of the trucking industry
https://www.wsj.com/articles/two-former-roadrunner-transportation-executives-charged-over-accounting-1529108246
Crooked is as crooked does
They must all be down because they can’t find enough qualified workers.
Behold the “reverse wealth effect.” True price discovery, held at bay for ten years by QE, is now laying waste to the Everything Bubble created by Bernanke, Yellen, Draghi, Carney, et al.
If this doesn’t cure the ‘buy the dip’ crowd you know you are talking to a cult. It also illustrates what a poor measure the Dow is of the broader economy.
The stock market is a “leading” indicator. The broader economy is coincident. We may be headed for s**t’s creek, but we’re not there yet.
I should have said Dow versus broader market. The Dow 30 are holding up pretty well compared to this list.
Moving on to the economy,I’m pretty sure a lot on this list have more employees per $ of market cap than the Dow 30.
They must be planning layoffs soon.
Are you making the value case here? You should expect to hear more of that. The talking heads will be on rotation into beaten up shares. The justification is new QE, which lifts low flyers (GE?) disproportionately. The stock market narratives are many the market is big (lots of ADRs here) and liquidity is still sloshing around with nervous CBs with their finger on the keyboard.
A lot of these companies are going to default on their debts, which will entail a debt restructuring (in or outside of bankruptcy court) that may partially or totally wipe out shareholders. So the value proposition for stockholders is very iffy.
Thanks for the data.
It would also be interesting to get a similar data set on YTD (ie, Relative to Jan 2018) 40-90% losers.
Also running these particular companies against YTD rather than 52 week high would be interesting to see as well.
Thanks again….
Schlumberger and Baker Hughes is a big wake up call as these are major support services for energy going forward. Reduced energy supplies indicates a real mess for manufacturing as this unfolds. We are already consuming oil at a rate 10X new discoveries, but thanks to the miracle of Shale, or should I say free money chasing yield, prices have collapsed and no one is making money.
Some pretty wild swings in energy on the horizon as production lurches into one crisis after another. Yet Doofus is loudly proclaiming credit for low energy prices thanks to his realtionship with Saudi Arabia. Be careful what you wish for.
It would be interesting to see how many jobs were shed by these companies so far, if the data correlation exists.
Holy crap! Granted, most of these companies I have never heard of, but some of them most of us know from our childhood. GE is particularly disturbing if not surprising given Wolf’s excellent reporting on their financials. And JC Penney is sad yet not surprising given the state of brick and mortar retail. But Slumberger and Halliburton are some serious indicators plus ther are a couple of health care stocks I am familiar with based on my profession that should be raking in money head over fist, so it makes me wonder whether there’s some type of corruption going on. Yet there are a few of these former unicorns (Blue Apron, Grubhub) that should have never been valuated so high to begin with, particularly since there wasn’t any unique or high barrier for competitors to enter.
Corruption and overreaching CEO stupidity by one Wayne Smith are at the heart of the fall of Community Health System’s stock (CYH) from a high of $64.04 in July 2015 to a low of $2.62 on Oct 12 of this year.
Smith took on a huge amount of debt to acquire Health Management Associates for $3.6 billion to become the largest for profit hospital chain in America. Problem was, the hospitals it acquired were already struggling and couldn’t support that debt.
An earlier effort in 2011 to do a multibillion dollar hostile takeover of Tenet Healthcare resulted in Tenet reporting CHS to the Feds for Medicare overbilling violations. This ended with CHS paying a $95 million fine.
CHS is also on the hook for a data breach/ hacking episode in 2014 of 4.5 million patient records – a similar HIPAA violation cost Anthem Blue Cross a $100 million settlement in class action lawsuits
Google CHS and the list of lawsuits and corporate malfeasance and screwups is long and depressing. Even Microsoft has sued CHS for not paying up for its software
CHS has been selling off its hospitals to pay down debt, and is now less than half the size it was at its peak in 2013, but continues to lose money. It will be interesting to see if it can survive its $14 billion debt load. The problem is that the only salable hospitals it has are the good performing ones and it increasingly is stuck with the bad money losers
Like watching the Walking Dead
Wow, look at all those energy and oil service companies!
How many more stocks will be down a similar % when the Dow goes down another %20 or %30?
This list is from the 52 weeks highs so it’s hard to understand how big this sell off is.
“beneath the surface, there has been some serious bloodletting”
I just noticed you just noticed that, lol. A pretty good example of how to lose your azz b/c many of them were grossly ovepriced by you guessed it, Wall Street courtesy cheap money from the FED in a large party cart with wooden wheels whizzing down the street.
Looks like I missed some great threads while on vacation last week! Fantastic articles and excellent commentary too. Glad to be back and especially glad to see this article. It’d be interesting to look at some kind of market-dispersion metric that tracks (over time) the fraction of stocks trading at various discounts to 52-week highs (or all-time highs). If I can find some time I’ll try to figure out how to do that…