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WORK - 3 Surprising Stocks Hitting New Lows Last Week
Slack Technologies Inc. Class A
Pessimism wasn't in fashion last week. The Dow has moved higher for eight consecutive trading days, so it's not a surprise to see that less than 180 stocks across all three major U.S. exchanges hit new 52-week lows this past week. Some of the names will still surprise you.
Despegar.com(NYSE: DESP), Lyft(NASDAQ: LYFT), and Slack Technologies(NYSE: WORK) are three of the larger head-turning stocks to hit fresh lows last week. Let's explore why these three investments are failing their shareholders.