2 Stocks Down More Than 50% Over The Past Year With Serious Rebound Potential
Some stocks have been beaten down heavily in recent months, but which ones could be good bets for a big bounce back?
Recent volatility in the stock market have driven some stocks down to extreme lows. There’s no telling when the current correction will hit a bottom, but investors interested in trying to find companies they think are oversold could have prime opportunities if they pick the right ones for a rebound. These two stocks, which are trading at less than 50% of their high price from the past year, deserve strong consideration from investors.
DraftKings Inc. (DKNG): The online gaming company has grown rapidly over the past couple of years since becoming a publicly traded company by way of a SPAC reverse merger. Founded in 2012, they got their start in gaming with fantasy sports, starting with baseball. Since become they have become much more and are on the precipice of breaking out in many new and exciting ways. In addition to fantasy sports, they also offer online gambling and have recently rolled out the DraftKings Marketplace to sell sports-related NFTs (non-fungible tokens).
Online gambling is a major part of DraftKings’ future. As more and more States legalize it, the company…
