2 Growth Stocks That Are Trading Below Their IPO Prices
When a stock goes public, there's often a flurry of investors rushing out to buy its shares. But even if you place an order, odds are you won't get it for the price you hoped you would. However, with many IPOs struggling after the initial hype, you can sometimes get their shares at lower prices later on, if you're patient enough.
American Well (NYSE: AMWL) and Robinhood Markets (NASDAQ: HOOD) are a couple of stocks that jumped in their early trading days but have fallen hard of late. They're both trading below the prices they opened at on their first day, but are they worth adding to your portfolio today?
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Source Fool.com
