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3 Surprising Stocks Hitting New Lows Last Week

TheMotleyFool

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3 Surprising Stocks Hitting New Lows Last WeekPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Pessimism wasn't in fashion last week. The Dow has moved higher for eight consecutive trading days, so it's not a surprise to see that less than 180 stocks across all three major U.S. exchanges hit new 52-week lows this past week. Some of the names will still surprise you.

Despegar.com (NYSE: DESP), Lyft (NASDAQ: LYFT), and Slack Technologies (NYSE: WORK) are three of the larger head-turning stocks to hit fresh lows last week. Let's explore why these three investments are failing their shareholders.

Image source: Lyft.

Source Fool.com

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