These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears
There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against companies whose shares they anticipate falling precipitously from current levels. Yet the WallStreetBets phenomenon has crushed some major institutions that have tried using that strategy, sending some stocks sharply higher despite their challenges.
Wall Street analysts are usually reluctant to recommend against stocks, and they certainly don't have a perfect track record. However, seeing where analysts believe there are difficulties ahead for certain stocks could be a great place to start your research -- whether you agree with them or vehemently disagree. Below, we'll look at three stocks that the most pessimistic analysts on Wall Street see plunging 50% or more in the near future, with the goal of providing some insight that could help you make your own decision.
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Source Fool.com
