Each stock can drop. Im interested to know which biotech company had the worst stock price drop in recent years? Say lay 95% drop because of a trials failuer or something.
Biotech Stocks in the Russell 2000 finished off their most awful April since no less than 1997 when Bloomberg began following returns. The area has tumbled generally 65% from its February 2021 pinnacle, sinking 22% in April alone.