This Tech Stock Is Down 65% This Year. Here's Why Now May Be the Time to Buy Shares
2021 has not been kind to high-growth technology stocks. After a huge run-up coming out of the March 2020 lows, many of the pandemic stock winners have come back down to earth, dropping 50% or more in 2021 while the S&P 500 continues to march higher.
Vimeo (NASDAQ: VMEO) has been no exception to this trend. The stock price for this video software provider is down about 66% from its 52-week-high six months ago and shortly after its mid-May spin-off from IAC/InterActiveCorp (NASDAQ: IAC).
However, while investors have soured on Vimeo, the business looks to be in fine shape and has a long runway to grow. That suggests now may be the time to purchase some Vimeo shares.
Source Fool.com
