by Fred Fuld III
During the last year, many of the technology stocks, especially the unicorns, have taken a dump, making them possible tax sale opportunities.
If you are wondering what a tax selling stock is, it is a stock that is currently selling for a low price due to heavy year-end selling for tax purposes, but was trading at much higher levels earlier in the year.
As the year-end approaches, many investors employ the technique called tax harvesting , which is the selling of loser stocks to offset any gains that may have been established during the year.
With all the heavy selling, the price of the stocks that have had big drops tends to drop far more than what would normally take place during the rest of the year.
So traders and investors are on the lookout for stocks that are heavily hit, hoping for a significant bounce in January, once the tax selling is over.
So if you are looking for these types of stocks, here is a selection of tech stocks that have dropped by over 50% year-to-date. They all have market capitalizations over $300 million.
| Company | Symbol | Market Cap |
| ANGI Homeservices Inc. | ANGI | 3.98B |
| Casa Systems, Inc. | CASA | 307.29M |
| Consolidated Communications Holdings | CNSL | 315.71M |
| DXC Technology Company | DXC | 8.03B |
| Endurance International Group Holdings | EIGI | 603.20M |
| Evolent Health, Inc. | EVH | 848.25M |
| Grubhub Inc. | GRUB | 3.31B |
| GTT Communications, Inc. | GTT | 439.58M |
| ORBCOMM Inc. | ORBC | 355.38M |
| Plantronics, Inc. | PLT | 989.00M |
| 2U, Inc. | TWOU | 1.33B |
| Boingo Wireless, Inc. | WIFI | 552.24M |
Hopefully, your portfolio can benefit from a tax bounce.
Disclosure: Author didn’t own any of the above at the time the article was written.