2020 may go down in history as one of the greatest years ever for stocks at companies in Silicon Valley and the Bay Area.
Even with a pandemic that caused the stock market to plunge in March, investors stuck at home and low interest rates on savings helped drive a surge in buying that led to records in the major indexes by the end of the year.
Apple broke $2 trillion in market cap this year, a value that has never been reached before by any company. Tesla joined the S&P 500 after a 5-for-1 stock split in August and shares climbed 743% for the year in a spectacular rise.
Zoom, which operates video software now used by tens of millions around the world, rocketed 395% in 2020 as Covid-19 forced employees to work at home and students to study remotely.
Below is a list of 29 top companies in the Bay Area that closed at over $200 per share at the end of December.
Top Silicon Valley Stocks Over $200Stocks trading over $200 per share at end of 2020.
|Company||Stock Symbol||End of 2020 Stock Price||% Change for 2020|
|Palo Alto Networks||PANW||$355.39||53.6%|