Is Now Your Chance to Buy the Nasdaq's 3 Worst Performing Stocks of 2020?
Strong performance from tech companies powered the overall Nasdaq (NASDAQ: NDAQ) exchange to post incredible gains in 2020, and the Nasdaq Composite Index has climbed roughly 43% in the year's trading so far. Of course, with more than 3,300 companies listed on the exchange, it shouldn't come as a surprise that some stocks posted huge losses in a year that was fraught with destabilization and uncertainty on many fronts.
Sea Energy Maritime Holdings (NASDAQ: SHIP), Top Ships (NASDAQ: TOPS), and Globus Maritime (NASDAQ: GLBS) lost nearly all of their value across this year's trading and rank as the Nasdaq's three worst-performing stocks across the stretch.
The common thread? For starters, each small company operates in the global shipping industry and saw extra headwinds from the coronavirus pandemic. Should investors treat the dramatic sell-offs as an opportunity to build positions in companies that could be due for a rebound? Let's take a look.
Source Fool.com
