In February, the Nasex’s share price crashed from a high of $16.45 to $15.24.
Now, after nearly two months of the NasDAQ, the stock is trading at a more than 10 percent discount to its previous low.
That’s according to Bloomberg, who has reported that the Nasx’s share of the retail sector has declined from more than 40 percent in January to just 14 percent in March.
“The Nasdaq’s stock performance is far from perfect, but the overall stock market has done better,” the company’s Chief Financial Officer, John Loeffler, told Bloomberg.
“We’ve had good times and bad times.
The stock has grown a lot, but that growth has slowed.
This is the first time we’ve seen that the stock price of a major company has declined more than 15 percent in a year.”
The Nasdaq has been under pressure to improve its performance over the past few years as it has become more popular among investors.
In February the Nasixx, a unit of the company that makes stocks for the NasEx, reported that it lost about $2.5 billion during the third quarter.
That was less than half of the $9.7 billion the Nasoxx reported in the same period last year.
Nasixs stock price has also dropped in recent months, from $18.80 on Jan. 28 to $14.75 on March 31.
In an effort to make up for the drop, Nasix’s CEO has recently raised his compensation to $1.5 million a year, making him the highest-paid executive at the company.
But the stock still has a long way to go before it’s back to the Nasaxx days.
The Nasx stock has lost about a third of its value since the Nasdex’s initial public offering in 2009.