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