EPAM stocks fell by $130 during 2 weeks in January

At the very beginning of 2022, EPAM stock price was $675. In two weeks, it fell to $543, writes dev.by with reference to Bloomberg.

In 2021 EPAM stock prices reached several times a record high of $700. 

This is the worst start to the year for the company in 6 years, which is due to a general decline in the value of tech stocks in the American sector. The situation will improve when the US Federal Reserve stop financial measures to stimulate the economy after the pandemic and raises the refinancing rate.

 EPAM is not the only company affected. Since the beginning of January, the Nasdaq 100 index has lost more than 4%. It includes Apple, Microsoft, Meta and Alphabet.

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Photo: mc.today