Many growth stocks are trading down sharply over the last 18 months. High inflation and outsized interest rates already precipitated an economic slowdown, and some investors sold growth stocks to hedge against a possible recession. As a result, PayPal (NASDAQ: PYPL) and Zscaler (NASDAQ: ZS) saw their share prices plunge 74% and 71% from all-time highs, respectively, and both stocks currently trade near 52-week lows. Read More...
Many growth stocks are trading down sharply over the last 18 months. High inflation and outsized interest rates already precipitated an economic slowdown, and some investors sold growth stocks to hedge against a possible recession. As a result, PayPal (NASDAQ: PYPL) and Zscaler (NASDAQ: ZS) saw their share prices plunge 74% and 71% from all-time highs, respectively, and both stocks currently trade near 52-week lows.
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