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Is It Time to Buy the Dip on Poshmark?

TheMotleyFool

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Poshmark (NASDAQ: POSH) shares are down almost 60% in the last few months, a disappointing turn of events following the company's initial public offering (IPO) in January when the stock popped 142% on its opening day.

Shares are likely down so much due to the timing of its market debut, which came just weeks after DoorDash, Airbnb, and other hyped-up IPOs were surging 100% or more on their first trading days (and have since seen some air come out of their share prices as well). Management also gave out relatively weak guidance compared to Wall Street estimates in March, which exacerbated the sell-off.

With shares near their IPO pricing, is it time to buy the dip on Poshmark stock?

Source Fool.com

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