Jon Erlichman: Software stocks see steep declines this year

Jon Erlichman: Software stocks see steep declines this year
Major software stocks lose ground

Software companies have experienced significant stock declines this year, according to data shared by Jon Erlichman. Among the biggest drops are Atlassian at -57%, Asana at -54%, and PagerDuty at -52%.

Other notable technology firms such as Unity, MongoDB, GitLab, Workday, HubSpot, Zscaler, Intuit, ServiceNow, Adobe, DocuSign, Salesforce, and Snowflake also reported losses ranging from -30% to -50%.

Erlichman has previously chronicled notable investment outcomes, such as a Ford lawyer's $5,000 stake that grew to $12.5 million between 1903 and 1919. He has also covered Brian Madden's selection of eight so-called quadruple threat stocks with long-term potential. These earlier accounts contrast with the recent declines seen in the software sector.

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