3 Once-Promising Growth Stocks That Are Down 40% Since the 2020 Crash -- Can Any of Them Recover?
It's been five years since the 2020 market crash, when news of a global pandemic sent investors into a panic. For investors brave enough to buy amid that crash, the gains for many stocks have been significant since then. It was on March 16, 2020, that many stocks hit their lows. That day, the S&P 500 fell by 12%, marking one of its worst performances ever. However, there are some stocks that continue to struggle today. Tilray Brands (NASDAQ: TLRY), Walgreens Boots Alliance (NASDAQ: WBA), and Plug Power (NASDAQ: PLUG) have been dreadful buys over the past five years. They're all down 40% or more since then. Here's a look at why these stocks were once promising growth investments, why they've performed so badly, and whether it's worth taking a chance on them today.Continue reading
It's been five years since the 2020 market crash, when news of a global pandemic sent investors into a panic. For investors brave enough to buy amid that crash, the gains for many stocks have been significant since then.
It was on March 16, 2020, that many stocks hit their lows. That day, the S&P 500 fell by 12%, marking one of its worst performances ever. However, there are some stocks that continue to struggle today. Tilray Brands (NASDAQ: TLRY), Walgreens Boots Alliance (NASDAQ: WBA), and Plug Power (NASDAQ: PLUG) have been dreadful buys over the past five years. They're all down 40% or more since then.
Here's a look at why these stocks were once promising growth investments, why they've performed so badly, and whether it's worth taking a chance on them today.
