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The Moneyist: ‘I feel like a sucker’: I bought stock for $18 after an IPO. The underwriter’s brokerage house had a $30 price target. It fell below $1. How could they get it so wrong?

‘It seems they put a high price target to generate interest in the IPO.’
Date: Mar. 18, 2023 7:20 AM ET
Link: More at "MarketWatch"
Source: MarketWatch.com - Top Stories - marketwatch.com
Category: Business
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Topics
  • ‘i Feel
  • Bought Stock
  • Brokerage House
  • $30 Price Target
  • Moneyist
  • Sucker
  • Ipo
  • Underwriter
  • Fell
  • Wrong
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