Newly public Genius Group stock drops 50% following monster IPO

seekingalpha2022-04-15

Newly public edtech Genius Group (GNS) stock dropped more than 50% Thursday just two days after scoring spectacular gains following its $22.6M initial public offering. Shares of the Singapore-based ...

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Nelliebear
2022-04-17
Nelliebear
Absolutely gambling and draws in the opportunists before dropping us all in it. Not exactly a skill but just how long you want to tag along
Guavaxf30
2022-04-15
Guavaxf30
This is pure gambling. As has been seen with most micro-caps, speculators push pricesup to entice small players. And then drop them like a rock when FOMO crowd has been sucked in. Always looks at the fundamentals. One clue is in the size if their mist recent turnover/revenue. $9 mil is really small potato. How did they get the approval to be listed?

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Shares of the Singapore-based ...</p>\n\n<a href=\"https://seekingalpha.com/news/3823508-newly-public-genius-group-stock-drops-50-percent-following-monster-ipo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GNS","symbol_name":"Genius Group Limited","start_time":0,"source_url":"https://seekingalpha.com/news/3823508-newly-public-genius-group-stock-drops-50-percent-following-monster-ipo","article_id":"2227673974","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2227673974","pubTimestamp":1649954820,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Newly public edtech Genius Group (GNS) stock dropped more than 50% Thursday just two days after scor","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GNS":"Genius Group Limited"},"translate_title":"怪兽首次公开募股后，新上市的天才集团股价下跌50%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNS":1},"content_text":"Newly public edtech Genius Group (GNS) stock dropped more than 50% Thursday just two days after scoring spectacular gains following its $22.6M initial public offering. Shares of the Singapore-based educational services company opened at $19.57, hitting a high of $20.94 before sliding to a low of $9.30. The stock recently changed hands at $9.00, down 53%, at approximately 11:20 a.m. ET. Genius shares soared more than 400% on Tuesday following their market debut. The company offered 3.3M shares priced at $6 per share, with underwriters granted an option to buy up to 491K additional shares at the public price. Shares opened at $15.11 and closed at $30.50. The stock lost ground the following day, however, closing at $19.43, down 36% from the previous session. 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Not exactly a skill but just how long you want to tag along&nbsp;","text":"Absolutely gambling and draws in the opportunists before dropping us all in it. Not exactly a skill but just how long you want to tag along","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081339814","repostId":2227673974,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089681131,"gmtCreate":1649987698424,"gmtModify":1676534622854,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"This is pure gambling. As has been seen with&nbsp;most micro-caps, speculators push pricesup to entice small players. And then drop them like a rock when FOMO crowd has been sucked in. Always looks at the fundamentals. One clue is in the size if their mist recent turnover/revenue. $9 mil is really small potato. How did they get the approval to be listed?","listText":"This is pure gambling. As has been seen with&nbsp;most micro-caps, speculators push pricesup to entice small players. And then drop them like a rock when FOMO crowd has been sucked in. Always looks at the fundamentals. One clue is in the size if their mist recent turnover/revenue. $9 mil is really small potato. How did they get the approval to be listed?","text":"This is pure gambling. As has been seen with most micro-caps, speculators push pricesup to entice small players. And then drop them like a rock when FOMO crowd has been sucked in. Always looks at the fundamentals. One clue is in the size if their mist recent turnover/revenue. $9 mil is really small potato. How did they get the approval to be listed?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089681131","repostId":2227673974,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2227673974"}