Investors eagerly buy the dip — here are the losing stocks that became winners Thursday

Investors eagerly buy the dip — here are the losing stocks that became winners Thursday

U.S. stocks rebounded Dec. 2 with a bounce into the close from a widespread wipeout the day before. Investors were eager to buy the dip, as you can see from the list below.

On Dec. 2, the Dow Jones Industrial Average
DJIA
rose 1.8%, reversing its 1.3% slide the previous day. The benchmark S&P 500 Index
SPX
climbed 1.4%, following the previous session’s 1.2% slide. And the Nasdaq Composite Index
COMP
was up 0.8%, partially making up for the previous day’s 1.8% decline.

On Dec. 2, 82% of S&P 500 stocks rose at least 1%, after 57% had fallen at least that much the day before.

Here’s a breakdown of percentage declines for the S&P 500 on Dec. 1:

Percentage decline Dec. 1

Number of stocks

10% or more

2

5.0% to 9.99%

15

3.0% to 4.99%

52

1.0% to 2.99%

216

Source: FactSet

And here’s a breakdown of percentage increases for Dec. 2:

Percentage increase Dec. 2

Number of stocks

10% or ore

1

5.0% to 9.99%

36

3.0% to 4.99%

151

1.0% to 2.99%

220

Source: FactSet

Investors rush in

For the following list, we rounded up to 5%. Among the S&P 500, 21 stocks fell at least 5% on Dec. 1, and 12 bounced back at least that much Dec. 2. The list is sorted by the Dec. 1 declines:

Company

Ticker

Price decline – Dec. 1

Price change – Dec. 2

Price change – 2021

Moderna Inc.

MRNA -11.9%

-2.9%

188.6%

salesforce.com Inc.

CRM -11.7%

3.9%

17.4%

Norwegian Cruise Line Holdings Ltd.

NCLH -8.8%

7.7%

-24.7%

Fortinet Inc.

FTNT -8.1%

2.6%

110.8%

American Airlines Group Inc.

AAL -8.0%

7.0%

10.5%

Royal Caribbean Group

RCL -7.9%

7.2%

-7.8%

Caesars Entertainment Inc.

CZR -7.8%

8.4%

21.2%

United Airlines Holdings Inc.

UAL -7.6%

6.6%

-3.7%

ServiceNow Inc.

NOW -7.4%

4.0%

13.3%

Delta Air Lines Inc.

DAL -7.4%

9.3%

-8.9%

Carnival Corp.

CCL -7.0%

9.2%

-17.4%

Penn National Gaming Inc.

PENN -6.6%

5.0%

-41.8%

Wynn Resorts Ltd.

WYNN

-6.1%

8.2%

-27.1%

Advanced Micro Devices Inc.

AMD -5.8%

1.1%

64.3%

Etsy Inc.

ETSY -5.6%

-3.7%

40.3%

CF Industries Holdings Inc.

CF -5.4%

3.5%

53.2%

Enphase Energy Inc.

ENPH -5.3%

-0.8%

33.9%

Boeing Co.

BA -4.9%

7.5%

-5.5%

Bath & Body Works Inc.

BBWI -4.7%

4.1%

147.9%

Alaska Air Group Inc.

ALK -4.7%

7.0%

-4.8%

Las Vegas Sands Corp.

LVS -4.6%

4.7%

-40.3%

Source: FactSet

Click on the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

It was fascinating to see Moderna Inc.
MRNA
continue its slide Dec. 2, following such a big decline for the previous day for the maker of coronavirus vaccines. Josh Nathan-Kazis described patent disputes that have investors concerned about the stock.

Don’t miss: Tesla’s stock is still cheap, says manager of new ETF who made Musk’s EV company its No. 1 holding

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