Investors are in the final stretch of 2024, and many are moving money from the year’s big winners into some of the biggest losers.
Investors are in the final stretch of 2024, and many are moving money from the year's big winners into the biggest losers. Bespoke Investment Group found that all 26 of the Russell 1000 stocks that were up more than 100% for the year fell on Monday. On average they lost about 5.1%. These include Nvidia — which shed over 2% after China launched a monopoly probe into the chipmaker — and AppLovin , which tumbled nearly 15%.
mountain NVDA vs WOLF 5-day chart "Rarely do we see such uniform performance in one direction based on prior performance in the opposite direction, but that's exactly what we saw today," Bespoke said in a blog post. "Investors were selling winners and buying losers to quite an extreme degree." To be sure, Bespoke advised against making any "rash long-term investment decisions" after just one day of trading.
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