In 2022, the market turned the growth stock narrative on its head. Many one-time favorite growth stocks, even in the consumer tech sector, had risen to nosebleed levels in 2021. But that rise gave way to the worst bear market since the 2008 financial crisis, taking most growth stocks down by more than 50% (and over 90% in a few cases).

Such drops could make contrarian investors think stocks have become buys. Whether that is true will depend on the stock, but a few consumer names are worthy of a review.

Roku (NASDAQ: ROKU) has experienced one of the more extreme drops in this bear market. After peaking at just under $491 per share in June 2021, it dropped to a low of just $44.50 per share by October. That amounts to a 91% decline in just 16 months.

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Source Fool.com