MTN - 3 Beaten-Down Stocks Bouncing Back From a Coronavirus Sell-off
After more than a week of bloodletting, shares of Ollie's Bargain Outlet Holdings (NASDAQ: OLLI), Vail Resorts (NYSE: MTN), and Live Nation Entertainment (NYSE: LYV) are finally getting a reprieve. As of 2:51 p.m. EDT on Friday, all three are on track to close one of the worst weeks for Wall Street in decades on a good note, with gains of 11.4%, 10.6%, and 12.2% respectively.
Needless to say, it's been a tough week for investors across the board, but particularly for anyone invested in companies that rely on people coming to an in-person experience. That's a definition that certainly includes discount retailer Ollie's, resort operator Vail Resorts, and entertainment promoter Live Nation. Going back a little further, the three have seen their stock prices fall 23%, 36%, and 47%, respectively, from their high-water marks in the past month.
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