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Bitcoin as Gold, Dogecoin a Dog: Here Comes Coinbase Earnings

Coinbase Could Drop to $100 in Ongoing Underperformance, New Constructs Says

Coinbase Could Drop to $100 in Ongoing Underperformance, New Constructs Says
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Jessica Alba s Honest Co loses post-IPO gain in stock slide

Richard Clough, Bloomberg News Jessica Alba outside the Nasdaq MarketSite in New York, on May 5. Photographer: Michael Nagle/Bloomberg , Bloomberg Honest Co.’s stock slump deepened as the consumer-goods company started by actress Jessica Alba fell below the price set in an initial public offering just last week. The shares tumbled as much as 10 per cent to US$15 Tuesday morning in New York, dipping for the first time below the US$16 IPO price on May 4. After gaining 44 per cent in the first day of trading, the stock has lost about a third of its value. The slump is an inauspicious start for a company looking to capitalize on elevated demand for packaged-goods and cleaning supplies during the pandemic. Alba, who co-founded the direct-to-consumer brand in 2011 and now serves as chief creative officer, brought some Hollywood glamour to the IPO last week with multiple media appearances.

Jessica Alba s Honest Co Has Crashed 30% Since Its IPO 3 Days Ago

by Tyler Durden Monday, May 10, 2021 - 01:01 PM From its highs at $23.88 on its IPO day, Jessica Alba s Honest Co. has plunged over 30% to $16.52 this morning. On Wednesday, everyone was excited as the stock which IPO d at $16, surged over 40% to its highs (after opening at $21.22). But now, down over 30% from those highs, the stock is nearing its IPO price. Alba co-founded the direct-to-consumer brand in 2011 and now serves as chief creative officer. Alba is not alone, IPOs (and SPACs) have been a shitshow since the February peak exuberance levels. As Bloomberg notes, there have been hints that the pandemic boom is starting to subside for packaged goods, with

Jessica Alba s Honest Co slumps less than a week after its IPO

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.’s 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.

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