Investing.com investing.com 28 Dec, 2020 08:15 am

3 Stocks Whose Bubbles Are Popping But Earnings Could Still Continue Growing

3 Stocks Whose Bubbles Are Popping But Earnings Could Still Continue Growing
Stocks Analysis by Tim Knight covering: Intel Corporation, Microsoft Corporation, Amazon.com Inc, Tesla Inc. Read Tim Knight's latest article on Investing.com

It is equally common that following an immense and unsustainable rise in stock price, the bubble pops without much change in the operations and profitability of the company.As a result, the stock price plummeted.Today Grubhub is still around and still delivering food, but as shown on the graph below the stock price has dropped to $72 and that is with the benefit of Covid.Before the Covid rebound, the stock price had fallen to $31.

The belief that GroupOn’s technology would be a major hit pushed the stock price up over $500 per share in 2019.As a result, the graph shows that Groupon’s stock price fell below $10 in March of this year.

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