Gerald Porter Jr., Bloomberg News
SEATTLE, WA - AUGUST 04: Actress and Honest Company co-founder Jessica Alba poses for a photo while promoting The Honest Company at Nordstrom Downtown Seattle on August 4, 2016 in Seattle, Washington. (Photo by Mat Hayward/Getty Images for Nordstrom)
, Photographer: Mat Hayward/Getty Images North America
Honest Co.âs shares tumbled again on Monday, extending a slide just days after the consumer-goods company started by actress Jessica Alba made a splashy debut in the public markets.
A decline of as much as 13 per cent sent the shares as low as US$16.52, approaching the initial public offering price of US$16 on May 4. After soaring 44 per cent on its first day of trading, the stock declined more than 7 per cent in the next two sessions and was on pace Monday for its third straight drop.