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As stocks plunge, Jacksonville public companies have dismal first half of the year

·3 min read
As stocks plunge, Jacksonville public companies have dismal first half of the year
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Jacksonville's public companies have taken a beating so far in 2022 — although a basket of the stocks of locally based companies has fared slightly better than broader market indices. A basket of local stocks weighted by market capitalization — in which an investor would buy 132 shares of CSX, the largest company by market cap, for every one share of ParkerVision, the smallest — lost 20.14% of its value over the past six months. In comparison, the market-cap-weighted S&P 500 Index of the largest publicly traded companies fell 20.78% over the same period.