1 Former S&P 500 Stock Down 76% That History Suggests Buying at a Once-in-a-Decade Valuation

In September 2020, handcrafted marketplace Etsy (NASDAQ: ETSY) was included in the S&P 500 -- surprisingly before Tesla. While inclusion in the popular index didn't do anything for Etsy's business, many investors saw it as a moment of validation. It seemed that the e-commerce business had arrived.Unfortunately for investors, Etsy's tenure in the S&P 500 didn't last long. Four years after it was included included, Etsy stock was removed from the index due to the company no longer being representative of large U.S. companies. Rather, it was more representative of a small-cap stock.The stock peaked in late 2021 and had dropped roughly 80% by the time it was removed from the S&P 500. It's still down by 76% from its all-time high as of this writing. And that does make things interesting for investors today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool