This Nasdaq Stock Is Up 22,660% Since the 1980s -- But Are Its Best Times Behind It?
Investors have had a lot of trouble trying to navigate the current stock market environment, and Wednesday's numbers on inflation didn't help to clarify things very much. At 11:30 a.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up just 3 points to 15,157, having given up larger gains from earlier in the session and still well below its record levels from last year.
One thing that's been interesting to look at in recent months is how some of the best performers that trade on the Nasdaq have fared. Most investors have focused largely on high-flying technology companies that have seen the largest corrections. Yet when you look more deeply at some stocks that momentum investors don't routinely follow, you can find some interesting insights. Today, for instance, T. Rowe Price Group (NASDAQ: TROW) is on the decline, and the asset manager's future is closely tied to the prospects for the broader stock market and the Nasdaq in particular.
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