Company rankings

How large US stocks fell and recovered in the 2022 bear market

The S&P 500 fell 24.5% from Jan 3 to Oct 12, 2022. Of the 1393 companies with prices back then, 309 fell less, led by Progressive (−10.5%), McKesson (−10.5%) and Cigna (−10.7%). The hardest hit were Carvana (−92.4%), Marathon Digital Holdings (−84.4%) and Ringcentral (−82.8%). 428 were back at their earlier high within six months of their low; 240 still haven’t closed above theirs.

1393of 1514 companies ranked
Oct 28, 2026prices as of

All 1393 companies, by fall in the 2022 bear market

# Company FallBack to its highFall5 yrMarket valueSector
1PGR Progressive Corp−10.5%1 mo−18.3%+22.5%$135.52BFinancials
2MCK McKesson Corporation−10.5%1 mo−32.1%+36.2%$116.40BHealth care
3CI Cigna Corp−10.7%Under a month−41.3%+8.6%$78.00BHealth care
4CVBF CVB Financial Corporation−10.7%2 mo−29.2%+6.8%$3.96BFinancials
5MRK Merck & Company Inc−10.8%1 mo−19.3%+14.2%$366.03BHealth care
6GIS General Mills Inc−10.9%Under a month−20.8%−7.4%$18.58BConsumer staples
7NOC Northrop Grumman Corporation−11.2%3 mo−26.1%+11.3%$78.89BIndustrials
8HFWA Heritage Financial Corporation−11.2%6 mo−32.5%+7.2%$1.17BFinancials
9HSY Hershey Co. (The)−11.6%2 mo−30.8%+2.1%$34.54BConsumer staples
10AMGN Amgen Inc−11.9%1 mo−18.3%+20.5%$251.64BHealth care
11PEP PepsiCo Inc−11.9%1 mo−28.2%+0.3%$191.36BConsumer staples
12FHN First Horizon National Corporation−12.0%3 mo−57.1%+9.8%$11.00BFinancials
13TMUS T-Mobile US Inc−12.1%Under a month−26.0%+7.9%$169.64BCommunication services
14CPB Campbell Soup Company−12.1%2 mo−20.3%−8.9%$6.14BConsumer staples
15KDP Keurig Dr Pepper Inc−12.2%2 mo−33.6%+3.2%$50.11BConsumer staples
16JNJ Johnson & Johnson−12.7%34 mo−25.4%+13.4%$651.32BHealth care
17HII Huntington Ingalls Industries Inc−13.0%3 mo−34.8%+11.8%$12.36BIndustrials
18LLY Eli Lilly and Company−13.3%1 mo−16.9%+41.9%$1.33THealth care
19CHCO City Holding Company−13.5%4 mo−26.9%+15.7%$2.00BFinancials
20PSN Parsons Corp−14.2%1 mo−43.8%+7.8%$5.33BTechnology
21ROL Rollins Inc−14.5%1 mo−22.5%+1.9%$17.22BIndustrials
22CBSH Commerce Bancshares Inc−14.5%5 mo−33.8%+0.8%$7.89BFinancials
23TR Tootsie Roll Industries Inc−14.5%5 mo−8.9%+5.2%$2.68BConsumer staples
24IBOC International Bancshares Corporation−14.6%2 mo−58.6%+12.3%$4.12BFinancials
25TRST TrustCo Bank Corp NY−14.6%2 mo−41.9%+16.1%$965.5MFinancials
26WRB W. R. Berkley Corp−14.7%3 mo−45.4%+18.8%$27.92BFinancials
27UNM Unum Group−14.7%Under a month−65.5%+31.1%$14.29BFinancials
28UBSI United Bankshares Inc−14.7%3 mo−38.6%+10.0%$6.55BFinancials
29INDB Independent Bank−14.8%1 mo−32.4%+3.1%$3.92BFinancials
30CSL Carlisle Companies Incorporated−15.0%1 mo−38.2%+10.2%$13.34BMaterials
31RSG Republic Services Inc−15.1%2 mo−33.8%+14.3%$74.93BIndustrials
32GD General Dynamics Corporation−15.3%4 mo−43.2%+15.5%$100.92BIndustrials
33SNA Snap-On Inc−15.3%2 mo−40.3%+15.2%$18.83BIndustrials
34GPC Genuine Parts Co−15.3%3 mo−49.0%+1.4%$17.18BIndustrials
35SAIC Science Applications International Corporation−15.4%2 mo−45.9%+13.0%$6.24BTechnology
36SJM JM Smucker Company−15.5%2 mo−19.4%+4.8%$14.03BConsumer staples
37CASY Caseys General Stores Inc−15.6%2 mo−32.1%+29.0%$24.70BConsumer discretionary
38JKHY Jack Henry & Associates Inc−15.6%1 mo−25.5%+1.9%$11.46BFinancials
39ROG Rogers Corporation−15.6%Not yet−37.4%−6.7%$2.51BMaterials
40WABC Westamerica Bancorp−15.6%Under a month−28.0%+5.5%$1.41BFinancials
41SANM Sanmina Corporation−15.7%2 mo−38.2%+36.1%$9.42BTechnology
42RLI RLI Corp−15.7%Under a month−27.0%+8.4%$5.85BFinancials
43FLO Flowers Foods Inc−15.7%8 mo−19.8%−20.5%$1.30BConsumer staples
44SIRI Sirius XM Holding Inc−15.8%10 mo−39.5%−11.5%$9.19BCommunication services
45BMY Bristol-Myers Squibb Company−16.0%2 mo−29.4%+5.7%$128.82BHealth care
46MUSA Murphy USA Inc−16.0%Under a month−27.1%+26.5%$9.33BConsumer discretionary
47RGA Reinsurance Group of America−16.1%1 mo−62.6%+19.2%$17.04BFinancials
48GLPI Gaming & Leisure Properties−16.1%2 mo−69.4%+1.2%$11.19BReal estate
49ACHC Acadia Healthcare Company Inc−16.1%Under a month−66.4%−12.8%$2.75BHealth care
50NBTB NBT Bancorp Inc−16.1%4 mo−28.6%+11.0%$2.70BFinancials
51AFG American Financial Group Inc−16.2%1 mo−58.2%+9.8%$12.46BFinancials
52VICI VICI Properties Inc−16.3%23 mo−60.2%+2.3%$27.53BReal estate
53STZ Constellation Brands Inc−16.3%1 mo−49.3%−6.8%$24.00BConsumer staples
54SNEX Stonex Group Inc−16.3%1 mo—+22.4%$6.76BFinancials
55SLGN Silgan Holdings Inc−16.3%1 mo−21.5%+0.3%$4.01BIndustrials
56CAG ConAgra Foods Inc−16.4%1 mo−19.2%−11.3%$6.65BConsumer staples
57KO The Coca-Cola Company−16.6%19 mo−37.0%+14.6%$412.25BConsumer staples
58ACGL Arch Capital Group Ltd−16.6%1 mo−51.7%+21.6%$37.30BFinancials
59GL Globe Life Inc−16.6%4 mo−47.7%+12.6%$12.28BFinancials
60IBM International Business Machines−16.7%1 mo−37.3%+20.6%$238.65BTechnology
61GPK Graphic Packaging Holding Company−16.7%4 mo−33.8%−14.1%$2.53BMaterials
62WM Waste Management Inc−16.8%2 mo−29.5%+9.8%$94.52BIndustrials
63BF.B Brown-Forman Corp.−16.8%Not yet−34.9%−14.0%$13.77BConsumer staples
64UNH UnitedHealth Group Incorporated−16.9%2 mo−35.9%−0.5%$359.43BHealth care
65LMT Lockheed Martin Corporation−16.9%3 mo−35.9%+17.6%$148.57BIndustrials
66GWW WW Grainger Inc−16.9%1 mo−32.5%+25.2%$64.89BIndustrials
67LECO Lincoln Electric Holdings Inc−16.9%1 mo−33.2%+16.5%$15.20BIndustrials
68MSM MSC Industrial Direct Company Inc−16.9%2 mo−35.2%+12.1%$6.85BIndustrials
69NWBI Northwest Bancshares Inc−16.9%2 mo−35.6%+8.4%$2.23BFinancials
70ERIE Erie Indemnity Company−17.1%2 mo−16.5%+7.2%$14.33BFinancials
71CHE Chemed Corp−17.1%5 mo−30.6%+4.0%$6.94BHealth care
72MCD McDonald’s Corporation−17.2%5 mo−36.1%+3.7%$187.98BConsumer discretionary
73NJR NewJersey Resources Corporation−17.2%2 mo−42.6%+11.0%$5.35BEnergy
74POST Post Holdings Inc−17.2%2 mo−32.9%+3.8%$3.53BConsumer staples
75HUBB Hubbell Inc−17.3%1 mo−40.6%+18.2%$22.92BTechnology
76PCAR PACCAR Inc−17.4%4 mo−33.9%+15.1%$54.09BConsumer discretionary
77SIGI Selective Insurance Group Inc−17.4%5 mo−38.4%+6.5%$5.77BFinancials
78STRA Strategic Education Inc−17.5%Under a month−33.7%+5.3%$1.72BConsumer discretionary
79PB Prosperity Bancshares Inc−17.6%9 mo−42.0%+2.3%$8.55BFinancials
80VMI Valmont Industries, Inc.−17.6%1 mo−44.1%+14.2%$8.32BIndustrials
81NFG National Fuel Gas Company−17.6%28 mo−23.7%+10.0%$7.62BEnergy
82RYAN Ryan Specialty Group Holdings Inc−17.7%2 mo—+3.3%$11.17BFinancials
83EBC Eastern Bankshares Inc−17.7%43 mo—+4.6%$5.15BFinancials
84OFG OFG Bancorp−17.7%7 mo−54.2%+17.6%$2.14BFinancials
85LNG Cheniere Energy Inc ‡−17.8%Under a month−46.1%+24.4%$61.21BEnergy
86NHC National HealthCare Corporation−17.9%13 mo−32.1%+28.7%$3.32BHealth care
87MTB M&T Bank Corporation−18.0%Under a month−47.6%+11.4%$32.41BFinancials
88BWXT BWX Technologies Inc−18.0%2 mo−40.1%+20.1%$12.37BIndustrials
89EPD Enterprise Products Partners LP ‡−18.1%7 mo−53.2%+17.3%$80.27BEnergy
90CBOE CBOE Global Markets, Inc.−18.1%6 mo−38.5%+22.5%$36.43BFinancials
91ATO Atmos Energy Corporation−18.1%9 mo−32.4%+16.1%$29.51BEnergy
92CL Colgate-Palmolive Company−18.2%15 mo−20.7%+7.5%$77.45BConsumer staples
93KNSL Kinsale Capital Group Inc−18.2%2 mo−36.0%+17.0%$8.07BFinancials
94MDLZ Mondelez International Inc−18.3%2 mo−29.3%+4.4%$84.03BConsumer staples
95MPLX MPLX LP ‡−18.4%2 mo−64.6%+23.9%$58.92BIndustrials
96MLI Mueller Industries Inc−18.4%1 mo−46.1%+35.1%$12.05BMaterials
97HRL Hormel Foods Corporation−18.5%Not yet−17.3%−9.8%$11.82BConsumer staples
98HIG Hartford Financial Services Group−18.6%2 mo−54.5%+15.5%$36.24BFinancials
99THG The Hanover Insurance Group Inc−18.6%25 mo−38.7%+15.6%$8.02BFinancials
100FCN FTI Consulting Inc−18.6%6 mo−19.7%+1.9%$4.32BIndustrials

The top 100 of 1393. The rest of the table needs JavaScript.

‡ Price data for this company stops earlier than the rest; its market value and returns are as of its last price.

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Questions investors ask

Which large US stocks held up best in 2022?

Progressive (PGR, −10.5%), McKesson (MCK, −10.5%) and Cigna (CI, −10.7%), with dividends reinvested.

How is fall in the 2022 bear market measured here?

The deepest fall from a high to a later low between the S&P 500’s peak on Jan 3, 2022 and its low on Oct 12, 2022, with dividends reinvested, and the time from that low until the stock closed at its earlier high again.

How this ranking is built

For education only, not a recommendation to buy or sell any stock. Past results do not predict future results.