The coronavirus panic on Wednesday tripped up many high-growth stocks as investors sought higher ground in safer options such as gold, bonds, or value-oriented stocks. Even so, some value investments took a haircut thanks to the COVID-19 scare.
Internet-of-Things (IoT) software and services specialist CalAmp (NASDAQ: CAMP) closed Wednesday's trading 9.9% lower. NCR (NYSE: NCR), a maker of barcode scanners, ATMs, and self-service kiosks, took a 10.1% hit. Engineered materials and optoelectronic components maker II-VI (NASDAQ: IIVI) fell 13.8% lower. None of these companies had any significant news of their own on Wednesday, pinning their entire drops on the coronavirus scare.
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