The S&P 500 is down approximately 20% in 2022. This is one of worst years for stocks on record and the biggest annual drawdown for the index since the great financial crisis in 2008. But looking under the hood, things have been much worse for certain individual stocks, with 25 stocks down at least 50% in 2022.

The second-worst performer of 2022 is online dating company Match Group (NASDAQ: MTCH), which is down a massive 69% this year. The owner of Tinder, Hinge, and other online dating properties went through an executive transition and is facing major foreign currency headwinds at the moment, which is driving investors away from the stock.

Investors gave up on Match Group in 2022. Here's why this selling is misguided and why you should consider adding the online dating company to your portfolio.

Continue reading

Source Fool.com