691 Stocks Are Down Over 50% This Year
It may be hard to believe because the stock market has been in such an uptrend this year, but here are some interesting statistics for stock performance year-to-date:
- 691 stocks are down over 50% this year.
- 161 stocks are down over 75% this year.
- 14 of the stocks that are down over 75% have market caps greater than $300 million.
Here they are:
| Deciphera Pharmaceuticals, Inc. | DCPH |
| DouYu International Holdings Limited | DOYU |
| New Oriental Education & Technology Group Inc. | EDU |
| Immunovant, Inc. | IMVT |
| Metromile, Inc. | MILE |
| OneConnect Financial Technology Co., Ltd. | OCFT |
| Olema Pharmaceuticals, Inc. | OLMA |
| Lordstown Motors Corp. | RIDE |
| Root, Inc. | ROOT |
| StoneCo Ltd. | STNE |
| TAL Education Group | TAL |
| Talkspace, Inc. | TALK |
| UpHealth, Inc. | UPH |
| Yatsen Holding Limited | YSG |
Hopefully you bought stocks that are up for the year. Maybe some of these stocks could be tax-selling bounce stocks.
Tax-selling bounce stocks are stocks that are heavily sold during December for investors that want to take their tax loss for this year, which overly depresses the stock price. Traders like to buy these stocks because they expect a bounce back in January after the strong selling is over.
Disclosure: Author didn’t own any of the above a the time the article was written.
Disclaimer: This article is designed to provide information. It is provided with ...
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