Are the Nasdaq's 3 Worst-Performing Stocks Ready to Bounce Back in 2022?
Last year was great for investors who owned a Nasdaq index fund, but not every stock shared in the gains. Several high-profile constituents suffered big losses, especially some stay-at-home tech stocks. Sometimes a steep sell-off is the best time to buy -- you can profit in the long term from the market's overreaction to a solid stock. Is now a good time to buy three of last year's worst performers?
Peloton Interactive (NASDAQ: PTON) dropped 76% in 2021. The company endured some self-inflicted setbacks, but market conditions didn't help at all.
The stock came into the year near an all-time high, having ridden a wave of investor optimism around stay-at-home stocks. Peloton rose from $20 in the coronavirus crash to $150 by the end of 2020. That momentum wound up being unsustainable.
Source Fool.com
