If You Invested $2,000 in PubMatic in 2020, This Is How Much You Would Have Today
PubMatic (NASDAQ: PUBM) attracted a stampede of bulls when it went public on Dec. 9, 2020. The advertising technology company listed its shares at $20, and they started trading at $25.12, eventually soaring to a record high of $69.92 on March 1, 2021.
But today, PubMatic stock trades at about $12. A $2,000 investment at the listed IPO price would have briefly blossomed to nearly $7,000 before withering to $1,200. Let's see why the bulls retreated -- and whether there's any hope for a longer-term turnaround.
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Source Fool.com