Shares of Marysville-based Scotts Miracle-Gro, a big COVID-19 winner from homeowners stuck at home, also were punished last year, falling 69.8%.in Columbus, have continued to be volatile.
The company went public at the end of 2020 and its shares climbed for much of 2021, rising 271.3% for the year. Stock valuations that were stretched in 2022 have become more reasonable, but Raich believes that with the potential recession coming stock prices may have further to fall in coming months.
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Stock market isn’t tanking. Maybe Cardinal Health stock is, but not the whole market. BIG difference.