Growth stocks that have fallen by at least 50% Here are some names of companies whose share price has dropped by 50% or more along its journey. I've only named a few of them and they are exclusive of the pandemic sell off that occurred last year.
1) Roku: On oct 1st 2018, shares traded at $76.48 and then dropped to a low of $27.17 on Dec 24,2018. Today Roku shares closed the day at $361.91
2) Crowdstrike: On Aug 13,2019 shares traded at $99.65 and dropped to a low of $45.5 on Nov 9,2019. Today Crowdstrike closed at $193.93
3) Teladoc: On Sept 28,2018 shares traded at $86.35 and eventually descended to a price of $42.88 on Dec 24th,2018. Today Teladoc shares closed at $ 178.00
The last one is my favourite. Good Ol' Amazon
4) Amazon: On Oct 16,2003 Amazon traded at $59.91 and seen its share price drop almost 3 years later to a low of $26.07 on Aug 11th, 2006. On April 26,2007 the share price finally surpassed the high on Oct 16,2003. That's almost 4 years later!
Today Amazon shares closed at a price of $3223.82!
I plan on holding Acuity for the long term and I encourage others to look at the bigger picture. In the short term, the stock market is a coin flipping game and I don't know which way it could go. However, I am confident that over 5-10 years this stock will allow people to enjoy earlier retirement and provide that financial freedom they've always dreamed of.
glta