3 SaaS Stocks Plummet 25 Percent as the Work-From-Home Trade Fades

A woman using a laptop on a dining room table set up as a remote office to work from home, in the United Kingdom on March 3, 2020. Joe Giddens/PA

The COVID-19 pandemic led to the rise of many things—the retail investor, to-go margaritas, and virtual rap battles to name a few. But potentially the biggest beneficiary of the pandemic has been companies in the work-from-home industry and software-as-a-service (SaaS) companies.

DocuSign Inc., a company that allows businesses and individuals to legally sign contracts electronically, saw its stock skyrocket from around $90 to highs of $300 during the COVID-19 pandemic.