Klaviyo and Instacart joined Arm Holdings on Wall Street
Arm Holdings (NASDAQ:ARM) is not the only name that has had a buzzy initial public offering (IPO) recently. Both data software stock Klaviyo Inc (NYSE:KVYO) and e-tailer Instacart (NASDAQ:CART) also made their Wall Street debuts this week, so let’s take a look at how these stocks are faring below.
ARM — a semiconductor stock — was last seen down 4.6% at $50.46 at last check, and pacing for its fifth-straight daily loss as Treasury yields rise and the chip sector seems to struggle. This current perch is a far cry from its Sept. 15, all-time high $69, and the equity has failed to secure a daily win over its short history.
Last seen down 3.7% at $31.50, KYVO is struggling during its second day of trading. The stock reached a peak of $39.57 upon yesterday’s market debut, after setting an IPO price of $30 per share.
Meanwhile, CART is up 0.2% at $30.17 at last glance. Shares were initially priced at $30 each as well, and hit a high of $42.95 after trading began on Tuesday. The stock is eyeing its first daily win, if today’s gains hold.
Image and article originally from www.schaeffersresearch.com. Read the original article here.