This past weekend, we took a look at the year’s best-performing stocks. Today, we take a look at those that underperformed in a big way. Will any of these stocks rebound in 2020 or is investing in these laggards akin to catching a falling knife?
For today’s list, we are limiting our screen to those which had a market cap of at least $500 million to start the year.
The worst-performing small cap
If you have been following the cannabis sector in any way, you would not be surprised that one of this year’s biggest losers is a pot stock. It also won’t surprise you that CannTrust Holdings (TSX:TRST)(NYSE:CTST) is the industry’s biggest disappointment. Once one of the most respected brands in the industry, CannTrust was caught with illegal growing operations.
Along with several other missteps along the way, CannTrust had its production and sales licences revoked by the government. The end result is a significant fall from grace for a once promising cannabis upstart….CLICK for complete article