These stocks in the S&P 500 had price swings of 10% or more Monday

By Philip van Doorn

On a wild Monday, the broad U.S. stock market turned green in the last few minutes of trading, recovering from big declines early in the day.

As the day wore on, investors seemed to buy into the idea that the declines during what analysts at Jefferies called a “42-day slump,” especially for technology stocks, were overdone, despite investor fears of rising interest rates as the Federal Reserve makes moves to fight inflation.

Read: Dow erases 1,100-point plunge to end higher as stocks see historic intraday reversal

On Jan. 20, Katie Nixon, chief investment officer at Northern Trust Wealth Management, had written that in light of her assumption that inflation will moderate late this year and in 2023, “it does not seem plausible that the Fed can tighten as much as the market is currently anticipating.”

Below is a list of stocks in the S&P 500 Index SPX that had the largest swings between intraday highs and lows for the session.

Here’s how the S&P 500, Dow Jones Industrial Average DJIA, Nasdaq Composite Index COMP and Nasdaq-100 Index NDX fared on Jan. 24 — their closing gains and intraday volatility:

Index Price change – Jan. 24 Close High – Jan. 24 Low – Jan. 24 High/low – Jan. 24 Maximum decline – Jan. 24
S&P 500 0.3% 4,410.13 4,417.35 4,222.62 4.6% -3.3%
Dow Jones Industrial Average 0.3% 34,364.50 34,420.99 33,150.33 3.8% -4.0%
Nasdaq Composite Index 0.6% 13,855.13 13,876.61 13,094.65 6.0% -4.9%
Nasdaq-100 Index 0.5% 14,509.58 14,532.57 13,724.85 5.9% -4.9%
Source: FactSet
Most volatile stocks among the S&P 500

These 17 stocks among the S&P 500 had price swings of at least 10% on Jan. 24:

Company Ticker High/low – Jan. 24 High – Jan. 24 Low – Jan. 24 Price change -Jan. 24 Decline from 52`-week high Date of 52-week high
Moderna Inc. MRNA 14.4% $158.00 $138.17 -1.7% -68% 08/10/2021
Etsy Inc. ETSY 14.1% $155.15 $136.00 3.5% -50% 11/26/2021
Devon Energy Corp. DVN 13.2% $48.55 $42.87 4.8% -7% 01/18/2022
Enphase Energy Inc. ENPH 13.1% $128.31 $113.40 1.7% -55% 11/22/2021
Penn National Gaming Inc. PENN 12.5% $42.49 $37.76 3.6% -70% 03/15/2021
SolarEdge Technologies Inc. SEDG 12.5% $225.91 $200.86 2.5% -42% 11/22/2021
Nvidia Corp. NVDA 11.9% $233.80 $208.88 0.0% -33% 11/22/2021
Caesars Entertainment Inc. CZR 11.9% $76.10 $68.00 5.3% -37% 10/01/2021
Xilinx Inc. XLNX 11.7% $185.87 $166.43 -1.2% -23% 11/30/2021
Bath & Body Works Inc. BBWI 11.0% $56.53 $50.94 5.9% -31% 11/18/2021
Gap Inc. GPS 10.9% $17.13 $15.45 7.9% -55% 05/18/2021
Fortinet Inc. FTNT 10.6% $290.75 $262.84 0.6% -22% 12/29/2021
Generac Holdings Inc. GNRC 10.5% $287.47 $260.24 5.5% -45% 11/02/2021
Netflix Inc. NFLX 10.2% $387.26 $351.46 -2.6% -45% 11/17/2021
Diamondback Energy Inc. FANG 10.0% $120.14 $109.21 1.2% -9% 01/18/2022
Align Technology Inc. ALGN 10.0% $475.32 $432.09 2.5% -36% 09/23/2021
Bio-Techne Corp. TECH 10.0% $382.56 $347.88 4.0% -30% 09/23/2021
Source: FactSet

You can click on the tickers for more about each company.

Then read Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

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