Stock of 7 out of 9 Most Admired Tech Companies Behaved, Negatively, During the Year But Now 4 out of 9 Improving
On March 08 2011, Eno Alfred of CNN Money, rated 9 most admired technology-oriented companies which are Apple, EMC, Hewlett-Packard, Google, Amazon, Netflix, Adobe, Oracle and Microsoft.
Today, we analyzed the stock of these 9 most admired tech companies to determine the strength of stock of these 9 companies and for the convenience, focus of the analysis was their stock performance only within the last one year, i.e. from February 10, 2011 to February 10, 2012. Stock was selected for the analysis, as it is the treated as the financial snapshot of any dynamic business entity. Only percentage change in one year period (February 16, 2011 – February 10, 2012) and that of only one week (February 6, 2012 – February 10, 2012) is analyzed.
Percentage Change in Stock Value from February 16, 2011 to February 10, 2012
Mean of stock values of 9 most admired tech companies, for annual change in the stock values, was ‘-0.15’. While only 2 tech companies, Apple and Microsoft, had the positive annual change of 28.15% and 9.84%, respectively, over the last year and the stock of other 7 other tech companies had the negative trend.
About the annual negative change in the majority of the most admired tech companies designated by CNN Money, it can be due to the national and global financial turmoil, being faced in the tech companies as well. The seriously of US as well as European economic crisis is, clearly, evidenced in the stock market crisis.
For convenience, all the companies with positive change in Stock Value are highlighted in ‘Yellow- colored’ cells.
The data, illustrated in the above table about the Annual Change in the Stock Value, is displayed below, graphically:
Percentage Change in Stock Value from February 6, 2012 to February 10, 2012
During the week, from February 6, 2012 to February 10, 2012, displayed a healthy sign with a little change in the stock values of tech companies with 4 ones had the positive change in their respective stock values. The companies with positive change were; Apple, Amazon, Adobe and Microsoft.
Again this change in the trend can be attributed to the change in the improvement in the recent US economic scenario.
The weekly change is illustrated below, graphically: