This Supercharged Growth Stock Is Down 91%, and I Just Added It to My Portfolio -- Here's Why
If you invest in growth stocks, you've been taken on nothing short of a roller-coaster ride this decade. The COVID-19 pandemic crash sent stocks plunging in February and March of 2020. This was followed by a bull run for the ages as the Federal Reserve and Capitol Hill pumped money into the U.S. economy at a furious pace in 2021. Last year, all three major indexes stumbled into a bear market, with growth stocks getting hit especially hard. Finally, in 2023, growth stocks are once again off to the races.
However, not all growth stocks have come anywhere close to regaining their 2021 highs, or even participated in the 2023 rally. One such supercharged growth stock, which has plummeted 91% from its all-time high set in February 2021, is a company I just added to my portfolio.
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Source Fool.com
