During the summer of 2020, online retailers boomed due to COVID-19 lockdowns, but many saw a decline once restrictions lifted. Investing $10,000 in certain online retailers five years ago could have yielded significant losses, with some stocks losing up to 91% of their value.
One e-commerce company’s stock closed at $108.30 in November 2021, turning a $10,000 investment into $11,155. Similarly, another online seller of pet products saw shares worth $19,821 in February 2021 from a $10,000 investment.
On the flip side, investing $10,000 in certain online retailers five years ago resulted in significant losses, with some stocks dropping up to 91% in value. One online marketplace for luxury goods saw a $10,000 investment drop to $2,530 in five years.
Wayfair, an e-commerce platform for home improvement products, saw shares close at $345.47 in March 2021. A $10,000 investment at that time would have been worth about $11,055. Investing in online retailers can be risky, with potential for both gains and losses.
Read more at Yahoo Finance: If You Invested $10K in These 5 Online Retailers 5 Years Ago, Here’s How Much You’d Have
