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Do you enjoy cheering for underdogs? If so, there are plenty of beaten-down growth stocks that could use your services. The iShares S&P five-hundred Progress ETF is down 11% this year and that’s after making a significant recovery.
Right now, shares of UiPath ( PATH 1.97% ) , Sofi Innovation ( SOFI 1.74% ) , and Redfin ( RDFN -0.46% ) are down to the lowest prices investors have seen in at least a year. Here’s how they could come roaring back.
step 1. UiPath
So it inventory popped out of the doors after its initially personal providing (IPO) history April, however the prior season has been a rough you to definitely. The newest stock has been outdone off 77% from its blog post-IPO top.
UiPath are an upwards-and-coming player in the office automation organization as well as inventory price actually falling due to poor performance. Fourth-quarter overall performance beat expert expectations on top and you can bottom traces.
A silky-than-asked frame of mind caused the base to-fall out from around that it inventory. (more…)