MDB - Is It Time to Buy May's Worst-Performing Nasdaq Stocks?
2024-06-13 06:45:00 ET
Software stocks had a terrible time in May. The majority of last month's worst-performing shares were software providers. This is notable considering that these rapid-growth stocks rarely go on sale.
But it's not just high-flying software stocks that had a difficult time. Some biotech companies also struggled in May. If you're looking for growth all-stars at a discount, the two stocks below are for you.
For years, MongoDB (NASDAQ: MDB) has been one of the market's favorite growth tech stocks . But as with any rapid growth stock, the path forward hasn't always been smooth sailing. Last month, for instance, shares lost some 35% of their value. That left MongoDB stock down nearly 20% for the year -- a rare occurrence.
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Is It Time to Buy May's Worst-Performing Nasdaq Stocks?