Instacart Stock Dips Below IPO Price on Its Third Day of Trading

5
1
Favorite

Instacart Stock Dips Below IPO Price on Its Third Day of Trading

Dow Jones2023-09-22

Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.

The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.

The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock's first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.

Shares of other recent IPO debuts have come down, too. British chip designer Arm's stock fell below its IPO price of $51 earlier Thursday after its listing last week.

Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Goyanz
·2023-09-22
This was always going to happen. Retail investors need to stay away from IPO's until the stock settles at it's true price. Don't get me wrong, there is money to be made at IPO's but its the inexperienced retail investors that get left holding the bag. Instacart price was hyperinflated for it's IPO so investors couldn't get in early enough for a quick swing trade. This is one stock I'll leave alone unless it hits the mid teens. Arm is another stock over priced along with its valuation. I'll be picking this one up in the low 20s.
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2369848065?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-09-22 08:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2369848065","market":"us","top_or_hot":-1,"title":"Instacart Stock Dips Below IPO Price on Its Third Day of Trading","media":"Dow Jones","content":"<html><head></head><body><p>Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company&#39;s third day of trading.</p><p>The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.</p><p>The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock&#39;s first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.</p><p>Shares of other recent IPO debuts have come down, too. British chip designer Arm&#39;s stock fell below its IPO price of $51 earlier Thursday after its listing last week.</p><p>Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Instacart Stock Dips Below IPO Price on Its Third Day of Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInstacart Stock Dips Below IPO Price on Its Third Day of Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-22 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.The San ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"CART","symbol_name":"Instacart, Inc. (Maplebear Inc.)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2369848065","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2369848065","pubTimestamp":1695341027,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock's first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.Shares of other recent IPO debuts have come down, too. British chip designer Arm's stock fell below its IPO price of $51 earlier Thursday after its listing last week.Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CART":"Instacart, Inc. (Maplebear Inc.)"},"translate_title":"Instacart股票在交易的第三天跌破IPO价格","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CART":1},"content_text":"Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock's first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.Shares of other recent IPO debuts have come down, too. British chip designer Arm's stock fell below its IPO price of $51 earlier Thursday after its listing last week.Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":222545647337480,"gmtCreate":1695349264349,"gmtModify":1695349269862,"author":{"id":"4146818409616092","authorId":"4146818409616092","name":"Goyanz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4146818409616092","authorIdStr":"4146818409616092"},"htmlText":"This was always going to happen. Retail investors need to stay away from IPO's until the stock settles at&nbsp;it's true price. Don't get me wrong, there is money to be made at IPO's but its the inexperienced retail investors that get left holding the bag. Instacart price was hyperinflated&nbsp; for it's IPO so investors couldn't get in early enough for a quick swing trade. This is one stock I'll leave alone unless it hits the mid teens. Arm is another stock over priced along with its valuation. I'll be picking this one up&nbsp; &nbsp; &nbsp; &nbsp; in&nbsp;&nbsp;the low 20s.","listText":"This was always going to happen. Retail investors need to stay away from IPO's until the stock settles at&nbsp;it's true price. Don't get me wrong, there is money to be made at IPO's but its the inexperienced retail investors that get left holding the bag. Instacart price was hyperinflated&nbsp; for it's IPO so investors couldn't get in early enough for a quick swing trade. This is one stock I'll leave alone unless it hits the mid teens. Arm is another stock over priced along with its valuation. I'll be picking this one up&nbsp; &nbsp; &nbsp; &nbsp; in&nbsp;&nbsp;the low 20s.","text":"This was always going to happen. Retail investors need to stay away from IPO's until the stock settles at it's true price. Don't get me wrong, there is money to be made at IPO's but its the inexperienced retail investors that get left holding the bag. Instacart price was hyperinflated for it's IPO so investors couldn't get in early enough for a quick swing trade. This is one stock I'll leave alone unless it hits the mid teens. Arm is another stock over priced along with its valuation. I'll be picking this one up in the low 20s.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/222545647337480","repostId":2369848065,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}