Shares of tech stock Atlassian Corp (NASDAQ: TEAM) are trading right around $130, after starting the year above $160. Considering the S&P 500 index is up more than 1% over that same timeframe, it's been a pretty brutal start to the year for investors.
It will perhaps, unfortunately, not have come as a surprise to them, however, considering the stock is down more than 60% from where it was a year ago and has only just hit fresh multi-year lows. Atlassian was already a serial laggard throughout 2025, but the weakness so far this month means it’s already the worst-performing large-cap stock of 2026 so far.
