These beaten-down stocks could bounce back in January, if history is any guide
MarketWatch reports that tax-loss selling is likely to artificially depress a group of 20 beaten-down stocks in the fourth quarter, including Shutterstock, and notes that such stocks have historically bounced back in January. The article suggests these shares could recover in the new year based on past patterns.
Why it matters — For Shutterstock watchers, the article indicates SSTK is among stocks potentially depressed by seasonal tax-loss selling and historically positioned to rebound early in the new year.