Why Corsair Gaming Jumped 10% Today
Shares of computer gaming hardware company Corsair Gaming (NASDAQ: CRSR) jumped more than 10% earlier today, and remain up 8% as of noon EST. The company's shares have been on a bumpy ride since its initial public offering (IPO) in September 2020.
The stock didn't behave like a hot tech IPO when it went public on Sept. 23, 2020 and closed the day down 5%. But shares have recovered since, and received more support last night from Jim Cramer on CNBC's Mad Money.
The gaming company seemed set to thrive when it went public in the midst of growth in home computer gaming and esports brought on by the pandemic. The initial negative stock reaction has since reversed and continues today with the boost from Cramer.
Source Fool.com
