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Down Over 70%, These 3 Monster Growth Stocks Are Bursting with Long-Term Potential

TheMotleyFool

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Down Over 70%, These 3 Monster Growth Stocks Are Bursting with Long-Term Potential

The Nasdaq Composite is officially back in a bear market, which happens when an index is down 20% or more from its all-time high. Meanwhile, the S&P 500 is in correction territory -- which is a drawdown of at least 10% from the all-time high -- while the Dow Jones Industrial Average is just 33 basis points from a correction.

However, the damage has been much worse for individual stocks, with droves of companies large and small down 70% or more from their all-time highs. PayPal Holdings (NASDAQ: PYPL), Netflix (NASDAQ: NFLX), and Shopify (NYSE: SHOP) are three growth stocks that have seen their valuations absolutely torched in a matter of months.