Amid higher oil prices and better-than-expected fourth-quarter gross domestic product numbers, the
S&P/TSX Composite Index rose 1.8% last week. However, few Canadian stocks witnessed huge selloff. This article will look at the four such companies that corrected over 10% last week and examine whether buying opportunities exist in any of these companies.
Facedrive
Amid the series of favourable announcements,
Facedrive (TSXV:FD) had witnessed a massive rally this year, driving its valuations higher. However, as investors’ euphoria waned out, the company’s stock price corrected close to 40% last week. Despite the pullback, the company still trades 57.4% higher for this year. So, should you buy this stock right now?