Published on 31 May 2024 on Motley Fool via Yahoo Finance
2 Former Growth Stocks Down 96% That Could Keep Crashing
There's a long list of stocks that soared during the pandemic only to crash as consumer behavior changed. Some of those stocks have staged recoveries, while others remain deep in negative territory and may never reclaim those pandemic-era highs.
Peloton (NASDAQ: PTON) and Beyond Meat (NASDAQ: BYND) were high-flyers during the pandemic, but plunging demand for pricey exercise bikes and fake meat products has put the stocks through the wringer. It may be tempting to bet on turnarounds, but both stocks look poised for even deeper losses.