3 Stocks That Are Trading Near 4-Year Lows
The bear market has sent many stocks to new lows. And in some cases, stocks are trading around levels that they haven't been at in years. Three stocks that are trading near their four-year lows that you may want to keep a close eye on right now are Illumina (NASDAQ: ILMN), PayPal Holdings (NASDAQ: PYPL), and Unilever (NYSE: UL). Are these stocks bargains worth picking up right now, or are they likely heading even lower? Let's see.
Genomic-sequencing company Illumina has fallen 48% year to date while the S&P 500 has declined by just 17%. Trading at roughly $200, the stock is now around the levels it was at in 2017 and down an incredible 62% from its high of $526 that it hit last year.
Illumina is a promising growth stock with lots of potential in revolutionizing healthcare, by making it easier to run genetic tests and identify rare diseases that people may otherwise not notice until later on in life. Last year, the company reported that sales rose 40% to $4.5 billion,However, for 2022, Illumina projects a slower growth rate of between 14% and 16%.
Source Fool.com
