Final Tech Stock Tally for 2011: Rout-Roh!
Last week, I posted on the so-so overall performance of tech stocks in 2011.
Most were in the negative numbers going into last week, and they stayed that way for the full-year comparison.
Bottom line: Tech was a bad investment if you started buying stocks on the first day of trading in January of 2011. And you got really socked if you bought into most of the IPOs of a spate of new Internet companies.
No pressure for 2012, Facebook! (I’m talking to you, Sheryl Sandberg!)
As we open trading this morning after the holidays, here’s where we stand with share prices since one year ago from a sample group I wrote about the most in 2011:
Google: Rose 8.7 percent.
eBay: Rose 8.98 percent.
Apple: Rose 25.6 percent.
Jive Software: Rose 6.7 percent (went public December 15, 2011).
Amazon: Declined 4.3 percent.
Yahoo: Declined 3.01 percent.
Microsoft: Declined 6.99 percent.
Cisco: Declined 10.6 percent.
AOL: Declined 36.3 percent.
Hewlett-Packard: Declined 38.8 percent.
Juniper: Declined 44.7 percent.
FRESHMAN SLUMP (AND INVESTOR DUMP)
Zynga: Declined 0.95 percent (went public December 19, 2011).
Groupon: Declined 20.99 percent (went public November 7, 2011).
LinkedIn: Declined 33.2 percent (went public May 20, 2011).
Pandora: Declined 42.5 percent (went public June 16, 2011).
Yandex: Declined 49.3 percent (went public May 25, 2011).