Advertisement
New Zealand markets open in 3 hours 40 minutes
  • NZX 50

    11,682.39
    -89.41 (-0.76%)
     
  • NZD/USD

    0.6121
    -0.0001 (-0.02%)
     
  • ALL ORDS

    8,039.90
    +27.80 (+0.35%)
     
  • OIL

    80.59
    -0.70 (-0.86%)
     
  • GOLD

    2,334.70
    -34.30 (-1.45%)
     

5 Struggling Stocks to Buy at a Discount

5 Struggling Stocks to Buy at a Discount

Down by between 23% and 78% in the past 12 months, these former growth stock darlings now face slowing growth and lower share prices. Shares of PayPal (NASDAQ: PYPL) have dropped by more than 15% since it released its first-quarter earnings report in early May, continuing the march downward they began after peaking in 2021. In light of its disappointing forecast for 7% revenue growth in the second quarter, investors continued to bid down the payments behemoth as its days as a high-flying growth stock receded further into the rear-view mirror.