The stock market has been showing signs of life over the past few days, but there are still many stocks trading near their 52-week lows. For investors, it's important to discern whether a stock at its low is a bargain or if it's due for an even bigger collapse around the corner. It's especially important to deploy your cash on the sidelines in a smart way when stocks are as volatile as they are now.
Let's take a look at three stocks near their lows today and assess whether investors should consider buying them:
CVS Health (NYSE: CVS) has bounced back in recent days after hitting a new 52-week low of $51.72 earlier this month. It's down a total of 23% since the beginning of the year, slightly worse than the S&P 500, which has tumbled by 22%.