Despite parts of the economy shuttering due to COVID-19, many stocks soared. The technology sector led the way, with Nasdaq showing its best year since 2009.

In fact, GeekWire’s analysis of 28 publicly-traded tech stocks with headquarters or major operations in Washington state showed only one that posted a decline. That was pop culture figurine maker Funko, whose shares slipped 34% in 2020.

As part of GeekWire’s analysis, we eliminated those public companies with a market value below $100 million. And we did not include the SPAC for Seattle-based Porch, which debuted on the Nasdaq on Christmas Eve.

We looked at stock performance starting with opening prices on Jan. 3, 2020 and ending with the closing price on Dec. 31, 2020. We used Yahoo Finance for data, with each company linked to their respective pages on the financial website.

Here’s a look at the stocks. Who do you think is poised for a breakout 2021?

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Source: https://www.geekwire.com/2021/tech-stocks-soar-2020-amid-pandemic-seattle-area-companies-see-valuations-spike/

News – Tech stocks soar in 2020 amid pandemic as Seattle-area companies see valuations spike