2023-05-17 08:30:00 ET
Stocks are generally trading higher this year, but not every growing company is enjoying the rise. Several names you know are actually trading a lot closer to their 52-week lows than their highs. As you can imagine, you don't need a lot of money to initiate positions in the Wall Street bargain bin.
Shares of Sirius XM Holdings (NASDAQ: SIRI) , Block (NYSE: SQ) , and Bumble (NASDAQ: BMBL) are all trading within 10% of their 52-week lows. Let's see why these three out-of-favor growth stocks could be ideas to pursue with the next $5,000 that you're ready to put to work in the stock market.
Slow and steady has been the beating drum at Sirius XM in recent years. With the exception of 2019 -- when the acquisition of the Pandora streaming service briefly inflated top-line results -- the satellite radio provider has cranked out eight consecutive years of single-digit revenue growth.
For further details see:
Got $5,000? These 3 Growth Stocks Are Trading Near Their 52-Week Lows