Steep stock declines are always painful for investors who own the falling stocks. However, such sell-offs can provide great buying opportunities.
We asked three Motley Fool contributors to identify stocks that are down 50% or more that you can buy right now. Here's why they picked Ginkgo Bioworks Holdings (NYSE: DNA) , Novavax (NASDAQ: NVAX) , and Novocure (NASDAQ: NVCR) .
David Jagielski (Ginkgo Bioworks Holdings): Unprofitable growth stocks haven't been getting much love on the markets these days. One of the more beaten-up ones is Ginkgo Bioworks. The company, which helps its customers program cells, has lost close to 60% of its value since the start of the year. At its peak last year, the biotech stock was trading at nearly $16 per share.
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3 Stocks Down 50% or More That You Can Buy Right Now