2 Small-Cap Stocks With Big-Cap Potential
The stock market crash in March created some intriguing opportunities for long-term investors. The COVID-19 health crisis (and the lockdown it necessitated) sent the stock for plenty of companies down to new 52-week lows.
For instance, shares of space tourism company Virgin Galactic (NYSE: SPCE), dropped from a high around $42 in February all the way to $10 a share in mid-March. In another example, the investors in Park Hotels & Resorts (NYSE: PK) thought they were owners of a safe, boring investment that paid nice dividends, until this staid hotel stock dropped from a high of around $26 a share in January, all the way down to $4 a share in mid-March.
If you bought either stock at these new lows, go ahead and cheer. Over the last six weeks or so, Virgin Galactic shares have jumped from $10 a share up to $16. Park Hotels has more than doubled, from $4 to almost $9 a share.
Source Fool.com
