3 Struggling Stocks That Aren't Worth Buying on the Dip
Should you buy the dip? It's a popular but potentially dangerous strategy, especially for less experienced investors. That's because a struggling stock that's near its 52-week low can dip further to new lows and continue trending down indefinitely.
So before buying a stock that has fallen deeply in value, you should do your due diligence and be fairly confident in its ability to rebound. Otherwise, you could just be setting yourself up for losses as the stock potentially falls further into a tailspin.
Three stocks that have fallen more than 30% in just the past three months are Walgreens Boots Alliance (NASDAQ: WBA), Trump Media Technology Group (NASDAQ: DJT), and Intel (NASDAQ: INTC). But despite their seemingly low valuations, these aren't stocks you should rush out to buy.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 15 Sell predictions.
Based on the current price of 17.04 € the target price of 38 € shows a potential of 123.0% for Intel Corp. which would more than double the current price.
